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basic rate

British

noun

the standard or lowest level on a scale of money payable, esp in taxation

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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This figure rises to £972m if the UK basic rate increased by two percentage points, with cuts of more than £1bn to the block grant in each of the two following years.

From BBC • Nov. 4, 2025

It is more than half a century since a chancellor of the exchequer chose to put up the basic rate of income tax.

From BBC • Nov. 4, 2025

The basic rate of income tax has not been raised since the 1970s.

From BBC • Oct. 24, 2025

The basic rate of 20% applies to income between £12,571 and £50,27, while earnings from £50,271 to £125,140 are taxed at the higher rate of 40%.

From BBC • Oct. 24, 2025

The basic rate for completing the search was US$9.00.

From The Online World by De Presno, Odd

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023