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basic rate

British  

noun

  1. 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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One think tank, Re:State, has suggested, external the government should allocate mayors 2.5p in every pound raised by the 20p basic rate of income tax in their areas.

From BBC Jul. 30, 2026

You then pay 20% on earnings between £12,571 and £50,270 - the basic rate - and 40% on anything between £50,271 and £125,140, which is the higher rate.

From BBC Feb. 17, 2026

The basic rate of 20% is paid on annual earnings between £12,571 and £50,270.

From BBC Oct. 10, 2025

A basic rate taxpayer can earn £1,000 in savings interest a year before paying tax.

From BBC Jul. 10, 2025

The basic rate is US$4.95/month plus connect charges.

From The Online World by Odd De Presno

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