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 Federal Acquisition Regulation (FAR): Answers to Frequently Asked Questions. Congressional Research Service 11. The FAR was published initially on September 19, 1983, and took effect on October 1, 1984.45 It. has been periodically amended since then, as discussed below (see âWho Typically Promulgates.