Beer Institute releases August 2020 domestic tax paid estimate (expect revisions)

Last week, 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 percent 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