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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In revenue-raising terms, that move was more than equivalent to a penny on the basic rate of income tax.

From BBC • Mar. 3, 2026

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

From BBC • Oct. 10, 2025

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

From BBC • Oct. 15, 2024

At the moment, savers receive tax relief at the same rate as their income tax - so basic rate taxpayers get tax relief at 20% and higher rate taxpayers at 40% or 45%.

From BBC • Sep. 18, 2024

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

From The Online World by De Presno, Odd