Form B264 Excise Duty Return - Special Excise Warehouse Licensee - Canada

Form B264 Excise Duty Return - Special Excise Warehouse Licensee in Canada is used to report and remit excise duty liabilities for goods held in a special excise warehouse. This form is typically filled out by businesses that hold a license as a special excise warehouse licensee, such as alcohol manufacturers or importers. It helps the Canadian government track and collect excise duties on specific goods, ensuring compliance with tax regulations.

The Form B264 Excise Duty Return is filed by Special Excise Warehouse Licensees in Canada.

Form B264 Excise Duty Return - Special Excise Warehouse Licensee - Canada - Frequently Asked Questions (FAQ)

Q: What is Form B264 Excise Duty Return? A: Form B264 Excise Duty Return is a form used by special excise warehouse licensees in Canada to report and remit excise duties on certain goods.

Q: Who needs to file the Form B264 Excise Duty Return? A: Special excise warehouse licensees in Canada need to file the Form B264 Excise Duty Return.

Q: What is a special excise warehouse licensee? A: A special excise warehouse licensee is a business or individual who is authorized to store and handle excisable goods in a designated excise warehouse.

Q: What are excisable goods? A: Excisable goods are products that are subject to excise duties, such as alcohol, tobacco, cannabis, and fuel.

Q: What information needs to be included in the Form B264 Excise Duty Return? A: The Form B264 Excise Duty Return requires information about the quantity of excisable goods received, produced, and removed from the excise warehouse, as well as the excise duties owed.

Q: When is the Form B264 Excise Duty Return due? A: The due date for filing the Form B264 Excise Duty Return varies depending on the reporting period, but it is generally due within one month after the end of the reporting period.

Q: Are there any penalties for late filing or non-compliance? A: Yes, there are penalties for late filing or non-compliance with the excise duty requirements. It is important to file the Form B264 Excise Duty Return on time and accurately to avoid penalties.