UAE National Day celebrations at the Natural History Museum in London. Photo: UAE Embassy
UAE National Day celebrations at the Natural History Museum in London. Photo: UAE Embassy
UAE National Day celebrations at the Natural History Museum in London. Photo: UAE Embassy
UAE National Day celebrations at the Natural History Museum in London. Photo: UAE Embassy

UAE National Day celebrated at UK's Natural History Museum


Damien McElroy
  • English
  • Arabic

Hundreds of UK and international dignitaries, including Middle East Minister Tariq Ahmad, gathered at London's Natural History Museum on Tuesday to celebrate the UAE's 51st National Day.

Mansoor Abulhoul, UAE ambassador to the UK, told the minister of his pride in the strengthening ties between the two countries, the historic links possessed by both sides and the joint focus on a deepening partnership in the years ahead.

After a momentous year, the ambassador opened his remarks to recall that both countries had suffered the loss of their heads of state since the last occasion. “Last time we met for the National Day our heads of state were Her Majesty the Queen and His Highness Sheikh Khalifa, this year we mourn their deaths.

“His Highness was only our second head of state and his passing was still a shock to me. Yet in his work and his sad death he reinforced the expectations of continuity and renewal, of permanence and transition. He bequeathed to his successor a young nation but one in which stability and tradition are intricately woven with progress.”

UAE ambassador to the UK Mansoor Abulhoul. UAE National Day celebrations at the Natural History Museum in London. Photo: Embassy of the United Arab Emirates
UAE ambassador to the UK Mansoor Abulhoul. UAE National Day celebrations at the Natural History Museum in London. Photo: Embassy of the United Arab Emirates

As a first-hand witness in the UK to the mourning for its monarch of 70 years, Mr Abulhoul said the national reaction was striking. “My abiding impression of her majesty's death when I look back is the quiet dignity of the British people themselves, which reflected the pride and dignity of their queen. It was written in people's faces and in their silence, as much as what people said. It was tangible. It was a privilege to be here at the time.”

Highlighting the generational advantage of meeting new challenges, Mr Abulhoul said President Sheikh Mohamed benefited from Sheikh Khalifa and the founder Sheikh Zayed having inherited that vision displayed in the UAE's earliest days.

He also noted the Prince of Wales had made Expo the platform for his inaugural Earthshot prize earlier this year. “The UAE was honoured to host His Royal Highness the Prince of Wales on a visit to Expo last year to announce the first ever Earthshot prize and more recently we ourselves were hosted by His Majesty the King at Buckingham Palace to discuss pressing environmental issues.”

The discussion centred on the Cop28 climate change conference that the UAE will host in 2023. “We look forward to shining the spotlight on issues of environmental significance,” he said. “This isn't just about speeches, we are determined to lead in the adoption and management of renewable resources.”

Lord Ahmad, as the government's minister for the region, talked of the opportunities of working in a Sovereign Investment Partnership with the UAE, benefiting a shared economic prosperity agenda. He paid tribute to Lana Nusseibeh, the UAE’s Permanent Representative to the UN, who was at the event having travelled to London.

UAE ambassador to the UK Mansoor Abulhoul. UAE National Day celebrations at the Natural History Museum in London. Photo: UAE Embassy
UAE ambassador to the UK Mansoor Abulhoul. UAE National Day celebrations at the Natural History Museum in London. Photo: UAE Embassy

The UAE's familiarity with so many from the UK was hailed as the bedrock of the relationship in his speech.

“The UAE [is] a powerhouse of trade and investment and an international centre for culture and sport, a major hub for international travel,” he said. “About 120,000 [Britons] have made the Emirates their home and that shows the vitality, the incredible partnership between our two nations.

“That partnership should leverage so much more,” he added. “The ambition is high. The commitment is unstinting and therefore working together I give you an assurance from the United Kingdom that all paths offer the foundation for an ever strengthening friendship.”

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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