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Sunborn's Top Chef Issue 25 - Summer 2015 iMindingntouch Gibraltar’s Business Budget Summary 2015 Interview with the Chief Minister Interview with Daniel Feetham Rock Chef Special Retaining talent is important Gibraltar’s Hospitality Sector contribution deserves to be recognised www.gfsb.gi Minding Gibraltar’s Business intouch 1 isolas_A4_Horizon:Layout 1 2/4/15 2:27 PM Page 1 CONTENTS Issue 25 - Summer 2015 iMindingntouch Gibraltar’s Business Contents InTouch | Issue 25 | Summer 2015 GFSB Editor’s Notes 05 Meet the Board Budget Summary 06 Interview with the Chief Minister Interview with Daniel Feetham Chairman’s Notes 07 Rock Chef Special Retaining talent is important Gibraltar’s Hospitality Sector contribution Budget Summary 2015 deserves to be recognised www.gfsb.gi 08 Minding Gibraltar’s Business intouch 1 Interview with Chief Minister 10 Interview with Daniel Feetham 14 Federation of Small Businesses The UK’s Leading Business Organisation Retaining talent is Important 18 ISO9001:2015 - Introducing the changes 19 Six months into 2015 20 Rock Chef Special: The early rounds 22 The Chef 34 The Production 35 intouch Editorial Director The Photographer 36 Julian Byrne The Judge 38 Designed by The Finals 42 Piranha Designs Gibraltar www.piranhadesigns.com Gibraltar’s Hospitality Sector contribution deserves to be 44 recognised Journalist Sunborn Gibraltar open an international casino John Culatto www.gibraltarlawyers.com 46 The Care Insurance Company Ltd - Growing and Branching Out 48 Published by The GFSB 122 Irish Town, Gibraltar Whatever’s on the horizon, Tel: +350 200 47722 Fax: +350 200 47733 Email: [email protected] we’ve got your back www.gfsb.gi For all that life may bring, whether good or bad, ISOLAS is on your side. Disclaimer No part of this publication may be reproduced without the wirtten permission of the publishers. The Publishers Property • Family • Corporate & Commercial • Taxation • Litigation • Trusts and the Editor have made every effort to ensure that all of the information within this publication is accurate, but Wills & Probate • Shipping • Private Client • Wealth management • Sports law & management emphasise that they cannot accept responsibility for any errors or omissions. The Publishers and the Editor accept no responsibility for statements made by contributors or For further information contact: [email protected] for any claim made through advertisements published in Portland House Glacis Road PO Box 204 Gibraltar Tel +350 2000 1892 this magazine. Trusted since 1892 Minding Gibraltar’s Business intouch 3 EDITOR’S NOTES The portfolio of responsibilities have been allocated by the Board as follows: editor’s Chairman Gemma Vasquez Vice-Chairman Craig Sacarello notes Business & Commerce Alfredo Vasquez Dear Readers, We wanted to give our readers some If you would like us to publish a Treasurer Alfredo Vasquez inside information from the judges, business achievement or idea please Employment Gemma Vasquez (Conditions of Employment Board, Labour Welcome to the Budget edition of the restaurants and the finalists. get in touch. Advisory Board, Small Business Board) InTouch. Thanks to all those who have commented on facebook and other Please let us know what you would Environment Tony Lopez The GFSB is continually social media platforms about the like to see in future editions. Legal Gemma Vasquez communicating with Government in programme, it helps a lot to receive Business start-ups/EU Funding Ian Torrilla / Alfredo Vasquez (JLAG, EU Funding Board, Small Grants Board) order to make conditions for small positive feedback. Thanks for reading and supporting businesses in Gibraltar the best they the GFSB. Information & Technology Julian Byrne possibly can. This year we have seen The GFSB is here to help you make Education & Training Tony Lopez some good new initiatives and no your business ideas flourish, we stand Membership Secretary/ Members Benefits Michael Borge increases in social security or utilities by small businesses providing tools, which is very welcome. information, contacts and the right Trade Licensing Gemma Vasquez / Craig Sacarello ingredients to grow. We have interviewed both the Banking Michael Borge Chief Minister and the leader of the Our training and breakfast club give Health & Safety Tony Lopez (Health & Safety Board) Opposition on the budget, which our members both valuable knowledge Tourism Julian Byrne (Tourism Advisory Council) makes an interesting read. and networking opportunities. Julian Byrne Editor Wholesale & Retail Craig Sacarello This issue is also the Rock Chef The Gibtelecom Innovation Awards International Gemma Vasquez (ESBA Board) special. It also continues to gather has been well received and we have In Touch Julian Byrne momentum, proving that good ideas had some excellent applications, we with hard work can result in great will be publishing the winners soon. Design & Branding Julian Byrne success. 4 intouch Minding Gibraltar’s Business Minding Gibraltar’s Business intouch 5 CHAIRPERSON’S NOTES chairperson’s Gemma Vasquez Craig Sacarello Alfredo Vasquez Chairperson Vice-Chairman Treasurer board foreword Michael Borge Julian Byrne Tony Lopez Secretary Editor Dear Members, businesses. Even E-Government applications. It is necessary to seems to be on the horizon although say that the Development and We have seen some days of furious we are still nowhere near where we Planning Commission needs the action in the Gibraltar Parliament. need to be. voice of business on it. At least one representative needs to be a business As an association, we are very That’s not to say that there aren’t voice, so that the business case is meet the pleased to hear Government finally significant battles to fight - the fact that also made. Lianne Azzopardi considering small business in their small business owners (sometimes agenda. It has taken several years comprising a single business owner) As ever, we are here for our members of campaigning, but finally we are are treated differently by legislation and always open to ideas and Specialist Tax Advice starting to see progress in this area. to consumers and the low audit suggestion - particularly as we put It doesn’t necessarily mean that the threshholds are but two issues. There together our business agenda for the Cut to your liking provisions are going as far as we is what is the biggest issue of them general election! would like them to go - but we’re at all at the moment – the power cuts. We provide specialist tax advice on a whole field of private and business issues, making it easier for clients to safeguard their family least seeing progress! We are considering what action, if As ever, assets and wealth. any , we can take as a Federation to Gemma Vasquez Deloitte offers a straightforward personal service specifically tailored If we take the GFSB Business Agenda support our members here. We will Chairperson to clients’ requirements. We make the most of our expertise and from 4 years ago, most of those shortly be consulting our members experience to reduce your tax burden and plan effectively for the future. items are now becoming a reality. with different possibilities. The one-stop shop seems to be For more information, call Stephen Reyes or Joe Montovio on: Tel: +350 200 41200, becoming a reality. We have achieved We also note that Government Fax: +350 200 41201, [email protected] early payment discounts on rates has issued a command paper on and a nurturing scheme for small revising the law relating to planning Gibraltar Federation of Small Businesses www.deloitte.gi Merchant House, 22/24 John Mackintosh Square, P.O. Box 758, Gibraltar © 2015 Deloitte Limited. A member of Deloitte Touche Tohmatsu Limited 6 intouch Minding Gibraltar’s Business Minding Gibraltar’s Business intouch 7 • Medical insurance allowance now £5,000 (previously £4,000) A pre-notification procedure is to be introduced where services such • Child allowance now £1,100 (previously £997) as the installation of kitchens, bathrooms and other fitted furniture Budget Summary 2015 • Child studying abroad – allowance now £1,250 (previously £1,105) are provided by suppliers based outside of Gibraltar. This will entail • Special deduction for senior citizens now £12,000 (previously imposing withholding tax to ensure that tax is paid by such suppliers. Utilities £10,887) There is no increase to water or electricity charges. • House purchase allowance £12,000 (previously £11,500) Purchasers of new affordable homes will benefit from a rates holiday • Nursery school allowance now £5,000 per child (previously £4,000) – no rates will be paid in the first full rates year, then increasing by Import duties • Blind persons allowance now £5,000 (previously £4,000) 10% of the full rates each year until 100% is reached. The following items are subject to changes in import duty tariffs: • Disabled individuals allowance now £9,000 (previously £6,000) A one-off deduction is introduced against assessable income on the From To Life insurance deductions, which previously were only given tax relief investment made by an individual, company or business that makes a Flooring, carpets, construction at a rate of up to 17%, will now be given at up to the taxpayer’s rate significant improvement to the EPC [Energy Performance Certificate] materials (trade imports) 12% 6 % White goods rated A and above of tax. rating of their premises. (trade imports) 6% 3% White goods rated B 6% 12% Wines 39p per btl 50p per btl Gross income based system Other Measures: Beers 32p per litre 35p per litre • Deduction of up to £6,500 (previously £6,000) for approved Spirits 80p per litre £1.00 per litre expenditure towards the purchase of a home Tax Amnesty Hearing aids, walking aids, wheelchairs, glasses & frames for • Deduction of up to £1,500 (previously £1,200) for contributions to prescription spectacles, contact Chief Minister Fabian Picardo presented his latest budget to lenses & dentures various 0% approved pension schemes In order to allow individuals to rationalise their tax affairs a tax amnesty Parliament on 22nd June 2015.
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