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.
Effective March 31, 2016, the Federal Acquisition Regulation (FAR) requires the use of Activity Address Codes (AACs) to identify awarding and funding offices for procurement awards captured in the Federal Procurement Data System-Next Generation (FPDS-NG).