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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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The rates of income tax - for example, the basic rate of 20% on income from £12,571 to £50,270 - will not change as a result of the reform.

From BBC ● Jul. 30, 2026

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

From BBC ● May 5, 2026

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

From BBC ● Oct. 10, 2025

A basic rate taxpayer can earn £1,000 in savings interest a year before paying tax.

From BBC ● Jul. 10, 2025

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

From The Invisible Government by Dan Smoot

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