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TTB Postpones Wine, Beer, Distilled Spirits Excise Tax Payments

By April 3, 2020Top News

The Alcohol and Tobacco Tax and Trade Bureau (TTB) announced a new measure on March 31 to help with current economic impacts from coronavirus and COVID-19. To assist businesses during this period, TTB is postponing several filing and payment due dates for 90 days where the original due date falls on or after March 1, 2020, through July 1, 2020. Specifically, the TTB states the following cases: Postponing tax payment due dates for wine, beer, distilled spirits, tobacco products, cigarette papers and tubes, firearms, and ammunition excise taxes; Postponing filing due dates for excise tax returns; Postponing filing due dates for submission of operational reports; Postponing filing due dates for claims for credit or refund by producers; Postponing filing due dates for claims by manufacturers of non-beverage products; Postponing due dates for submission of export documentation; Considering emergency variations from regulatory requirements for affected businesses on a case-by-case basis; Reviewing requests for relief from penalties based on reasonable cause, though any company can still pay on the normal schedule. A resource page is set up for businesses..

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