On 22 June 2015, Gibraltar's 2015/2016 Budget was presented to parliament. The tax measures are primarily focused on the support of smaller businesses and individuals, and will generally apply from 1 July 2015. Main measures include: Companies, partnerships and self-employed individuals will be able to claim 100% of the eligible capital allowance in the first year of operation. Training costs will be allowed as an expense against the profits of a business or company at the rate of 150%. The revenue threshold for the requirement to have audited accounts is increased from GIP 1 million to GIP 1.25 million. A...