Notice 2012-74 - IRS guidance on branded prescription drug fee for 2013 

November 29:  The IRS today released an advance copy of Notice 2012-74 providing guidance on the branded prescription drug fee for the 2013 fee year.

Notice 2012-74 [PDF 15 KB] provides guidance related to the:


  • Submission of Form 8947, Report of Branded Prescription Drug Information: For the 2013 fee year, a covered entity that chooses to submit Form 8947 must file the form by December 17, 2012.
  • Time and manner for notifying covered entities of their preliminary fee calculation: For the 2013 fee year, the IRS will mail each covered entity a paper notice of its preliminary fee calculation by April 1, 2013.
  • Time and manner for submitting error reports for the dispute resolution process: For the 2013 fee year, a covered entity that chooses to submit an error report regarding its preliminary fee calculation must mail the error report by May 16, 2013.
  • Time for notifying covered entities of their final fee calculation: The IRS will notify each covered entity of its final fee calculation for 2013 by August 31, 2013. Each covered entity must pay this fee by September 30, 2013.



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