Can You Claim for CBILS and R&D Tax Credits?



Many concerned businesses and accountants have raised that the Coronavirus Business Interruption Loan Scheme (CBILS) is state aid and are concerned if that will impact R&D claims.

HMRC have stated:
“The Government has notified CBILS as a State aid under the European Commission’s new Temporary Framework for COVID-19. The measure is a fully notified aid, so the restriction on receipt of other State aid (s1138(1)(a) CTA 2009) potentially applies, i.e. if the CBILS relates specifically to the company’s R&D expenditure [on a project] rather than being intended more generally to support the company”.

Therefore, if the loans are provided to generally support the company and are not provided to fund a specific R&D project then there will be no impact on the R&D claim. Could this be a cash lifeline for your business? Free eligibility check available.

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