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.
This APG supersedes the April 1992 APG. Acquisition planning is required by statute implemented through the Federal Acquisition Regulation (FAR). The FAR is supplemented by the Defense FAR Supplement (DFARS) and the Navy Marine Corps Acquisition Regulation Supplement (NMCARS).