Lassiter Distilling Co Posted December 26, 2017 Share Posted December 26, 2017 Happy holidays everyone. I’m sure everyone is aware of the 80% FET reduction that will go into effect January 1. Much needed, I’m sure we will all agree Has anyone been advised whether that new rate will apply to spirits removed from bond in 2018, or that spirits produced in 2017 but removed in 2018 will be subject to the 2017 FET rate? Link to comment Share on other sites More sharing options...
Shilling Posted December 28, 2017 Share Posted December 28, 2017 The new rate of $2.70 applies to any product removed from bond on or after January 1st. Side note: if you are you a compliance service like Whiskey Systems, Distillery Solutions, etc. you should check with them to make sure the software is updated - if not you may have to report and pay 'old school' for the first few periods. Link to comment Share on other sites More sharing options...
Lassiter Distilling Co Posted January 4, 2018 Author Share Posted January 4, 2018 Good thought on the software. For anyone who's in the process of checking, weuse Hoochware, and I confirmed with them that their software is already updated for the change in FET rates for all tiers. Link to comment Share on other sites More sharing options...
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