Red Bull driver Max Verstappen grabbed pole position for the British Grand Prix on Saturday.
The Red Bull double world champion and runaway championship leader claimed his fifth straight pole in qualifying and will be joined on the front row for Sunday's race by Lando Norris for McLaren.
Oscar Piastri in the other McLaren will start on the second row alongside Charles Leclerc's Ferrari.
Verstappen's team mate and closest title rival Sergio Perez qualified only 16th, the fifth race in a row that the Mexican has failed to reach the top 10 shootout.
Perez is already 81 points behind Verstappen after nine races this season, all won by Red Bull.
Lewis Hamilton could manage only seventh, one place behind George Russell in the other Mercedes.
"It was a crazy qualifying session and quite hectic," said Verstappen. "I was surprised to see those two [Norris and Piastri] there but it was great for McLaren. I am looking forward to tomorrow."
British driver Norris generated a huge roar from his home crowd when he topped the times with seconds to go only for Verstappen to nudge him out with his final flying lap.
"It's always Max. He always ruins everything for everyone," the McLaren man joked afterwards, drawing laughter from the pole-sitter.
Red Bull are seeking an 11th consecutive victory to equal the feat of McLaren in 1988.
Verstappen is hunting his sixth straight win but his first ever British Grand Prix victory at the eighth attempt.
Perez's dismal run of form continued after he was eliminated from the opening phase of qualifying.
The Mexican was first out of the pits when the action resumed following a red flag to clear Kevin Magnussen's Haas.
Perez momentarily headed to the top of the order, but the evolution of the track saw him tumble all the way down to 16th when Q1 came to an end.
It marked the fifth consecutive race in which Perez has failed to make it into Q3 in a machine Hamilton described as the fastest Formula One has ever seen.
Qualifying passed off without incident despite the threat of action from Just Stop Oil protesters.
However, F1 bosses, Silverstone and Northamptonshire Police remain on high alert that a protest could yet disrupt Sunday's 52-lap race where 150,000 spectators are expected to attend.
Security has been beefed up, with facial recognition cameras posted around the 3.66 mile track in a move to foil a potential plot.
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
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
