Beer Institute Releases October 2020 Domestic Tax Paid Estimate

Washington, District of Columbia, UNITED STATES


WASHINGTON, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for October 2020:

The October 2020 estimate is 13,250,000 barrels, an increase of 0.6% compared to October 2019 removals of 13,168,000.

The Beer Institute estimates for the remaining months are expected to see continued revisions as TTB Industry Circular 2020-2 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 11,430,829 11,325,000 -0.9% -105,829
March 14,512,347 14,533,000 0.1% 20,653
April 14,231,974 13,500,000 -5.1% -731,974
May 15,216,000 13,770,000 -9.5% -1,446,000
June 15,901,000 16,600,000 4.4% 699,000
July 14,820,000 15,100,000 1.9% 280,000
August 14,324,000 14,500,000 1.2% 176,000
September 14,796,000 14,800,000 0.0% 4,000
October 13,168,000 13,250,000 0.6% 82,000
YTD 140,833,663 139,801,000 -0.7% -1,032,663

 

 

Please note that the estimates above reflect revised estimates released by the TTB.

The November 2020 domestic tax paid estimate is scheduled to be released on December 22, 2020.

 

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The Beer Institute is a national trade association for the American brewing industry, representing brewers of all sizes, as well as beer importers and industry suppliers—an industry that supports more than 2.1 million jobs and provides more than $328 billion to the American economy. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to the development of sound public policy and to the values of civic duty and personal responsibility. For additional updates from the Beer Institute, visit our website, follow @BeerInstitute on Twitter, like the Beer Institute on Facebook, and follow the Beer Institute on Instagram.

 

 

 

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