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¢ Federal Acquisition Regulation - FAR â¢ The FAR is a system of uniform policies and procedures governing the acquisition and contracting actions of all Executive agencies of the Federal Government â¢ The FAR is the major difference between contracting with the Federal government and contracting with a commercial entity â¢ The purpose of the FAR is to ensure that the purchasing