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

From BBC May 5, 2026

Thereafter the party aims to cut the rates by 1p - creating a 19p basic rate, a 39p higher rate and a 44p additional rate.

From BBC Mar. 19, 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 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 for completing the search was US$9.00.

From The Online World by De Presno, Odd

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