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.
â¢ The Federal Acquisitions Regulation is codified in Title 48 of the United States Code of Federal Regulations. The Federal Acquisitions Regulation is issued pursuant to the Policy Act 1974 of the Office of Federal Procurement, as well as Title 41 of the United States Code and Chapter 7.