Let’s start your week with some domestic tax paid estimates. Grab a coffee or breakfast beer, kick up your feet and put on that green casino-style dealer visor. Last week, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for May 2020: The May 2020 estimate is 14,216,000 barrels or bbls, a decrease of 6.6 percent vs. May 2019 removals of 15,216,000. Of course, the Beer Institute is expecting significant revisions for March 2020, April 2020, May 2020 and future months’ estimates as TTB Industry Circular 2020-2 has postponed reporting requirements for filing and payment due dates for up to 90 days.
Domestic Tax Paid — TTB
(31 Gallon Barrels)
|Month||2019||2020||Percent Change||Volume Change|
Please note that the estimates above reflect revised estimates released by the TTB.
The June 2020 domestic tax paid estimate is scheduled to be released on July 30, 2020.