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New Thomson Reuters Content Offers Guidance on the Sales and Use Taxation of Food and Beverages

The latest topic added to Thomson Reuters Checkpoint Catalyst provides subscribers with a state-by-state analysis of the sales and use tax treatment of food and beverage transactions.

The new topic, Sales & Use Tax: Food and Beverages, examines the taxability of different categories of food and beverages, the treatment of food and beverages sold from particular locations, the nature of the parties involved in food and drink transactions and how that affects taxability, the treatment of activities typically associated with food and beverage sales, and the applicability of local sales and use taxes. The content includes practical insights and many detailed examples designed for tax practitioners who advise sellers of food and beverages.

“There are numerous factors that determine whether, or to what extent, sales and use taxes apply to particular categories of food or drink. These factors may include, for instance, whether the food is prepared, the beverages are hot, or the purchaser is a school,” said Michael Siegel, M.A., J.D., senior editor with the Thomson Reuters Tax & Accounting business. “This content is important for all tax practitioners who represent food and beverage sellers. It will help subscribers understand how the varying state approaches to taxing food and beverages affect their clients.”

Checkpoint Catalyst is a collection of multijurisdictional analyses of specific tax issues and business transactions from a practical, workflow perspective, covering implications at the federal, state and US international levels. Other topics in the Checkpoint Catalyst library include:

  • Sales & Use Tax: Nexus
  • Sales & Use Tax: E-Commerce
  • Sales & Use Tax: Manufacturing