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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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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

The basic rate of 20% applies to income between £12,571 and £50,27, while earnings from £50,271 to £125,140 are taxed at the higher rate of 40%.

From BBC Oct. 24, 2025

The basic rate of income tax has not been raised since the 1970s.

From BBC Oct. 24, 2025

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

From BBC Oct. 10, 2025

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

From The Invisible Government by Smoot, Dan

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