E-Malt.com News article: USA: TTB simplifies excise tax regulations for small brewers

The Beer Institute, the national trade association representing brewers and beer importers, praised the Alcohol and Tobacco Tax and Trade Bureau’s (TTB) decision to simplify excise tax regulations for small brewers, brewbound.com reported on October, 2.

“The brewing industry appreciates the work that the TTB has done to refine their rules and regulations to reduce unnecessary bureaucracy,” said Jim McGreevy, Beer Institute president and CEO. “The beer industry is experiencing immense change right now, thanks to efforts like this that open pathways to the marketplace for small brewers.”

This rule is for the benefit of small brewers, essentially defined by TTB as those which produce less than 7,200 barrels. The TTB’s rule would institute a flat $1,000 penal sum for the brewer’s bond for these small brewers whose excise tax liability is expected to be less than $50,000 in a given calendar year and who were liable for no more than $50,000 in such taxes during the preceding calendar year.

The rule also allows these small brewers to move from monthly reports on operations and taxes to a quarterly report. The goal of this rule change is to reduce administrative costs for small brewers and create greater efficiency for TTB.

The new rules will become effective on January 1, 2015.


08 October, 2014