basic rate

British  

noun

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

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Example Sentences

See Examples For:

basic rate

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

Points will now be accrued at a basic rate of one point per £1 spend, but Lidl says there will be lots of opportunities to earn bonus points.

From BBC ● May 10, 2026

"Their equivalent colleague sitting right next to them in England is still a basic rate taxpayer."

From BBC ● May 5, 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

It would also permit the President to raise the basic rate from 20% to 25%.

From The Invisible Government by Dan Smoot