Beverage tax remittance 2025

1. Click ‘Get Form’ to open the beverage tax remittance form in the editor.
2. Begin by entering your business name and mailing address in the designated fields. If your business address differs, fill that in as well.
3. Indicate the reporting period by filling in the start and end dates for which you are filing.
4. In Section 1, report your sales of prepared food and certain alcoholic beverages. Ensure this amount does not include any taxes and aligns with Line 3 of ST-1.
5. Complete the deductions section by listing any applicable sales outside Champaign, employee purchases, and other exempt transactions.
6. Calculate your total deductions and subtract this from your sales to find net taxable sales.
7. Multiply your net taxable sales by .005 to determine the food & beverage tax owed.
8. If filed timely, calculate the collection fee at 1.75% of Line 2 and subtract it from your total tax owed.
9. If applicable, add a penalty of 2% per month for late filings to arrive at your total payment due.
10. Finally, sign and date the form before submitting it along with payment to ensure compliance.

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