Beer Institute Releases April 2020 Domestic Tax Paid Estimate
Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for April 2020:
The April 2020 estimate is 13,500,000 barrels, a decrease of 4.9% vs. April 2019 removals of 14,200,000.
The Beer Institute is expecting significant revisions for March 2020, April 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.
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Domestic Tax Paid – TTB |
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|
(31 Gallon Barrels) |
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| Month |
2019 |
2020 |
Percent Change |
Volume Change |
| January |
12,433,513 |
12,423,000 |
-0.1% |
-10,513 |
| February |
11,430,812 |
11,325,000 |
-0.9% |
-105,812 |
| March |
14,370,000 |
14,300,000 |
-0.5% |
-70,000 |
| April |
14,200,000 |
13,500,000 |
-4.9% |
-700,000 |
| YTD |
52,434,325 |
51,548,000 |
-1.7% |
-886,325 |
Please note that the estimates above reflect revised estimates released by the TTB.
The May 2020 domestic tax paid estimate is scheduled to be released on June 25, 2020.
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