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

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basic rate

So for a $30 toy, that basic rate is 12.5% of $6, which is 75 cents.

From BBC ● Oct. 14, 2026

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

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

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

From The Online World by Odd De Presno

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