December 31, 2009 |
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Greetings! We hope you have a joyous and successful 2010! This edition includes 2010 excise tax schedules and information on formula approval. |
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FEDERAL EXCISE TAX DUE DATES FOR ALCOHOLSemi-Monthly Tax Due Dates
Quarterly Tax Due Dates
DO I NEED FORMULA APPROVAL FOR MY PRODUCTWhat's in a formula? We want to know. You may ask yourself "Hey. Why does TTB need to approve my alcohol beverage product formula before I can apply for label approval?" Good question! Broadly speaking, by evaluating and approving your formula, we examine domestic alcohol beverage formulas and pre-import formulas to ensure product integrity, accurate product identification, correct tax classification, and compliance with Federal laws and regulations. Still, determining which malt beverage, wine, and distilled spirit products require formula approval for a COLA can be confusing, whether you are a prospective industry member, a newcomer to the business, or a veteran of the industry. Fortunately, we have created a Formula Approval Tool. This tool that will make that determination for you in just seconds! We also maintain a list of the pre-COLA product evaluations required for specific products or product categories. The list is divided into three commodity-specific charts: Wine The commodity-based charts reflect the current pre-COLA evaluation requirements for the listed products. Please be advised that, because the type of pre-COLA product evaluation required for a particular type of product may change, it is important to visit TTB.Gov for the most current information. In addition, the charts are provided as general guidance. Particular circumstances may dictate the need for a pre-COLA product evaluation for a specific product even though no such requirement is listed in the charts. For further information, visit the Formulation page. For more plain language answers to industry concerns and questions, visit "Eliot Knows" on the TTB.Gov homepage. |