TIME FOR FILING EXCISE TAX RETURNS
MANUFACTURERS OF TOBACCO PRODUCTS AND MANUFACTURERS OF
CIGARETTE PAPERS AND TUBES
PURPOSE: The purpose of this Industry Circular is
to advise you of changes in the required filing dates
for tax returns covering tobacco products and cigarette
papers and tubes.
BACKGROUND AND REQUIRED ACTION: Congress recently
enacted legislation which extends the time for paying
taxes on tobacco products and cigarette papers and
tubes removed under bond for deferred payment of tax
after December 31, 1982. As amended, section 5703(b)
of the Internal Revenue Code of 1954 (relating to
method of payment of tax) provides that the last day
for filing a return and paying any tax due for each
return period shall be the last day of the first
succeeding return period plus ten days.
Regulations under 27 CFR Parts 270, Manufacture of
Cigars and Cigarettes; Part 275, Importation of Cigars,
Cigarettes, and Cigarette Papers and Tubes; Part 285,
Manufacture of Cigarette Papers and Tubes, will be
amended to reflect this change.
NEW FILING DATES FOR MANUFACTURERS OF TOBACCO
PRODUCTS: Effective with the tax return covering
removals from January 1, through January 15, 1983,
manufacturers of tobacco products are required to file
returns and pay the tax no later than 10 days after the
close of the next return period. Therefore, the return
for the January 1-15 period will be due on February 10,
the return for the January 16-31 period will be due on
February 25, etc.
NEW FILING DATES FOR MANUFACTURERS OF CIGARETTE
PAPERS AND TUBES: Effective with the tax return
covering removals for the month of January 1983, manu-
facturers of cigarette papers and tubes are required
to file returns and pay the tax no later than the 10th
day of the second month following the month covered by
the return. Consequently, the return covering removals
in January 1983, will be due on March 10, 1983, the
return for February will be due April 11 (April 10
being a Sunday), etc.
INQUIRIES: Inquiries concerning this circular
should be addressed to your Regional Regulatory
Administrator.
Acting Director |