Are we obligated to pay the FET tax collected on the sale of a large truck we manufactured based on the date of invoicing or on the date the tax is actually collected from the customer?
Unfortunately I am not very familiar with the Federal Excise Tax. However, I found a website that I think would be a great resource for you to find the information you are looking for. Here is the link: http://www.ntea.com/NTEA/Serving_the_industry/Advocacy/FederalExciseTaxinfo.aspx.
Best of luck,