Where the employee receiving such benefits is a director of the company concerned, the benefits are taxable regardless of the level of remuneration. The liability to tax also applies in respect of benefits provided by an employer for a member or members of an employee's family or household.
Federal Acquisition Regulation (FAR) Federal Acquisition Regulation (FAR) is the body of laws that govern the U.S. Federal Government's procurement process.
The term source selection is used for referring to acquisitions awarded according to Federal Acquisition Regulation Parts 13 (Simplified Acquisition), 14 (Sealed Bidding), or 15 (Contracting by Negotiation). However, it is most commonly used specifically for FAR Part 15 acquisitions. Definition.