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.
By 2006, the government had issued Delivery Orders 2. and 3 to Contract 24 (id. at 4, ~~ 11-12). Contract 27 incorporated by reference Federal Acquisition Regulation (FAR) clause. 52.216-7' ALLOWABLE COST AND PAYMENT (MAR 2000); Contract 24 incorporated by reference.