BevAlc Roundup | Overview of the TTB’s New Rulings on Formulas, BACS 2016, and Spirits Trends

Kevin Diffily
October 3, 2016

I hope you had a great weekend! Today, our roundup includes an overview of the TTB’s new formula requirements for wine and spirits, BACS 2016, and spirits trends. I hope you enjoy. If you read something I missed, let me know!

LegislativeUpdate

TTB Newsletter | Top stories include new rulings on reduced formula requirements on domestic and imported wine and distilled spirits. TTB

How Can a Wine Made in Georgia be Labeled ‘Napa Valley’? | A California-led proposal to tighten wine-labeling rules has rallied the state’s lawmakers, split the industry and spurred a debate that shows no signs of resolution. Los Angeles Times

Governor Cuomo Signs Legislation to Modernize New York’s Alcoholic Beverage Control Law | Governor Andrew M. Cuomo signed legislation to modernize New York’s archaic 80-year-old Alcoholic Beverage Control Law. Office of Governor Andrew M. Cuomo

Beer Tax Would Increase More than 200% Under Michigan Bill | Proposed bill seeks to raise the tax on beer for the first time since 1966. MLive

Zombies,’ Lobbyists and Vodka at Grocery Stores: What’s Next for PA Liquor Reform? | As Pennsylvania adapts to this summer’s modernization bills, could be proposed legislation signal similar changes for distilled spirits? PennLive

IndustryUp

What Snoop Dogg’s Pabst Lawsuit Says About the Beer Industry | Real life lessons for breweries in drafting ownership sharing agreements. MarketWatch

Rosé Rules as Summer Closes and Blush Wines Bloom in USA | America is looking at the world through rosé-colored glasses — and liking it quite a lot. USA Today

Lyft Teams With Budweiser to Curb Drunk Driving with Free Rides | Lyft has formed a partnership with Budweiser in an effort to reduce fatalities from drunk driving while also “celebrating beer drinkers.” Venture Beat

Another Taxpayer Victory in Illinois False Claims Act Litigation | Victory for another winery selling direct to consumer in the ongoing saga of Illinois qui tam cases. Inside SALT

DtC Shipments Surge, Total Wine Sales Strong | All DtC industry metrics show positive growth in August. Wines & Vines

BACS 2016 | Join your peers and industry experts to discuss federal and state challenges, recent industry trends, and compliance issues in the 3-tier system. ShipCompliant

JustFun

The Annoying Psychology of How Your Friends Influence the Beer You Order | The small ways people signal their uniqueness. New York Magazine

Actually, American Beer Is Fantastic | In America, there are thousands of breweries producing a great variety of beer. ValueWalk

The World’s Seven Strangest Alcohol Laws | Alcohol laws can get complicated — this looks at how they can get weird too. The Drinks Business

All the Work That Goes Into One Bottle of Wine | Erin Dix, a wholesaler in St. Louis, talks about what it’s like to be an intermediary between producers and retailers. The Atlantic

As Craft Spirits Rise, Booze Industry More Fluid Than Ever | The same trends that have shaken up food and beer companies are also stirring hard liquor. Chicago Tribune

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Kevin Diffily

Share This Post

Latin America VAT & Fiscal Reporting
May 20, 2020
Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape

Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the place where it is most challenging to do so.  Too many companies doing business in Brazil have been burdened by managing multiple point solutions for continuous transaction controls (CTCs), tax […]

ShipCompliant
January 25, 2021
6 Highlights from the 2021 Direct-to-Consumer Wine Shipping Report

This January, Sovos ShipCompliant released the 2021 Direct-to-Consumer (DtC) Wine Shipping Report with our partner, Wines Vines Analytics. This report features exclusive data and insights on the state of the industry not tracked or reported on anywhere else. With wine shipments to consumers reaching a record $3.7 billion in 2020, there has never been a […]

ShipCompliant
January 22, 2021
The Data: Wine DtC Shipments and Off-Premise Retail (December 2020 Special Report)

The wine market is in greater flux than ever as producers, retailers and consumers navigate the impacts of a global pandemic. Keeping a pulse on marketplace data has never been so important given these shifting dynamics. Nielsen is collaborating with Wines Vines Analytics and Sovos ShipCompliant to provide a much more comprehensive view of the […]

IPT
January 21, 2021
HMRC’s Second IPT Consultation – Response Deadline Fast Approaching

HMRC, the UK’s tax authority, is asking for responses to its Insurance Premium Tax: Administration and Unfair Outcomes Consultation, by 5 February 2021. The first consultation and call for evidence for Insurance Premium Tax (IPT) was back in 2019 and questions focused on the modernisation of IPT and efficiency improvements for businesses and HMRC. It […]

EMEA VAT & Fiscal Reporting
January 21, 2021
How Ireland’s VAT Regime is Changing

As a result of Brexit, COVID-19, and the Finance Act 2020, the VAT regime in Ireland has and will continue to undergo numerous changes. Highlights of these changes are outlined below. Postponed Accounting and Reporting Changes Beginning in January all taxpayers have the ability to apply postponed VAT accounting to their imports from outside the […]

E-Invoicing Compliance Turkey
January 21, 2021
Audio Blog: Turkey: Which documents can replace e-delivery notes?

  Join Selin Adler Ring, Regulatory Counsel at Sovos, as she discusses how the Turkey E-delivery note and its impact on your multinational organization. Listen to her discuss the following questions:  What is the new e-delivery note system in Turkey? Can e-invoices be used to replace e-delivery notes as paper invoices can still replace paper […]