Envelope Icon. Sign up to automatically receive the weekly TTB Newsletter (via email).

TTB NEWSLETTER | Weekly News

November 22, 2013


IN THIS ISSUE

Greetings! We hope you had a robust and well-rounded week! This week's top stories include our latest news feature from TTB.gov, information about our quick reference to wine excise taxes, and a list of the most popular distilled spirits pages at TTB.gov.

TTB PRESENTS WEBINAR ABOUT ALLOWABLE REVISIONS FOR COLA APPLICATIONS

TTB NewsletterOn November 6, TTB's Advertising, Labeling and Formulation Division presented a webinar (see webinar handout – Allowable Revisions to Approved Labels) for alcohol beverage industry members to discuss the expansion of the allowable revisions to previously approved labels and how taking advantage of those revisions can benefit their business.

In the webinar, attendees saw examples of allowable changes, had the opportunity to ask questions, and learned more about how the expanded list of allowable revisions allows them to change certain items on their approved labels without submitting new applications.

These allowable revisions only apply to previously approved labels.

TTB expanded and clarified the allowable revisions to assist the alcohol beverage industry with getting their products into the marketplace more expeditiously.

QUICK REFERENCE GUIDE TO WINE EXCISE TAX

TTB's Quick Reference Guide to Wine Excise Tax is a brief overview of the basic requirements for the proper computation and filing of wine excise tax.

General Excise Tax Information

Credit for Small Domestic Producers

1. What is the tax on wine?

1. What is the credit for?

2. Who pays the tax?

2. Who qualifies for the credit?

3. When is the tax due?

3. How much is the credit?

4. What are the tax return periods?

4. How much credit may be taken?

5. Who may file annually?

5. What is meant by "produced?"

6. What if no taxes are due?

6. How much wine must be produced every year to qualify for credit?

7. How is the tax paid?

7. At what point in winemaking is wine considered "produced?"

8. Who must pay by Electronic Fund Transfer?

8. May credit be taken on wine purchased from another winery?

9. What if the tax is filed late?

9. Is the credit listed on the return?

10. What date is used to determine if a return was filed on time?

10. May another bonded premises pay the tax for my wine with credit?

TTB Newsletter Archives >>>


Please visit the homepage of TTB.gov for the most recent news, or visit the Contact Us page if you have any questions.