Procedural Guidance regarding Branded Prescription Drug Fee

Notice 2014-42 provides guidance relating to the annual fee imposed on branded prescription drug manufacturers and importers under Section 9008 of the Affordable Care Act. Document Excerpt

 This notice provides guidance on the branded prescription drug fee for each fee year related to (1) the submission of Form 8947, “Report of Branded Prescription Drug Information,” (2) the time and manner for notifying covered entities of their preliminary fee calculation, (3) the time and manner for submitting error reports for the dispute resolution process, and (4) the time for notifying covered entities of their final fee calculation.

  Link http://www.irs.gov/pub/irs-drop/n-14-42.pdf

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