Beer Institute Releases August 2020 Domestic Tax Paid Estimate
WASHINGTON, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for August 2020:
The August 2020 estimate is 14,500,000 barrels, an increase of 1.2% vs. August 2019 removals of 14,324,000.
On September 3, the Alcohol Tax and Trade Bureau (TTB) issued a March 2020 Beer Report. The chart below updates the March 2019 and March 2020 tax paid volumes to match the TTB.
The Beer Institute expects Domestic Tax Paid Estimates for the remaining months to see 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) | ||||
| 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 | 14,200,000 | 13,500,000 | -4.9% | -700,000 |
| May | 15,216,000 | 14,216,000 | -6.6% | -1,000,000 |
| 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 |
| YTD | 112,837,689 | 112,197,000 | -0.6% | -640,689 |
Please note that the estimates above reflect revised estimates released by the TTB.
The September 2020 domestic tax paid estimate is scheduled to be released on October 29, 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.
Alex Davidson Beer Institute 2027372337 adavidson@beerinstitute.org
