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 Matthew DeVries on February 8, 2017 Posted in Case Law, Claims, Federal Construction, Legal Trends. Itâs not everyday that you read about one of your longtime heroes, the Federal Acquisition Regulations (âFARâ), losing some of its mojo. According to the article, there remains some confusion about the application of the FAR based upon the recent decision in Lockheed Martin Integrated Systems, Inc., ASBCA 59508 (Dec. 16, 2016).