Beer Institute Releases April 2020 Domestic Tax Paid Estimate
Beer Institute Releases April 2020 Domestic Tax Paid Estimate

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Beer Institute Releases April 2020 Domestic Tax Paid Estimate

May 21, 2020

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.

Domestic Tax Paid – TTB

(31 Gallon Barrels)

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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