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Beer Institute releases June 2020 domestic tax paid estimate, postponed reporting will skew it

brewery taxes TTB

Recently, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for June 2020. The June 2020 estimate is 16,600,000 bbls, an increase of 4.4 percent vs. June 2019 removals of 15,901,000 bbls. The Beer Institute estimates for March 2020, April 2020, May 2020 and June 2020 are expecting significant revisions 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)

Month20192020Percent ChangeVolume Change
January12,433,51312,423,000-0.1%-10,513
February11,430,81211,325,000-0.9%-105,812
March14,370,00014,300,000-0.5%-70,000
April14,200,00013,500,000-4.9%-700,000
May15,216,00014,216,000-6.6%-1,000,000
June15,901,00016,600,0004.4%699,000
YTD83,551,32582,364,000-1.4%-1,187,325