We are aware that readers may be having difficulties inserting a claim for relief from capital gains tax on the disposal of shares under section 626B TCA 1997 on the 2016 corporation tax return (Form CT1) in instances where the gain amounts to €10 million or more. It appears that ROS has a limit on the number of digits that it can take.

At a recent Tax Administration Liaison Committee (TALC) Collection sub-committee meeting, Revenue confirmed that until a fix is developed for this issue, taxpayers should include €9,999,999.99 in the relevant box in the CT1 and include a note in the ROS submission explaining the issue and setting out the actual amount of the gain. We will keep readers updated on this issue.