basic rate
Britishnoun
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.
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
A basic rate taxpayer can earn £1,000 in savings interest a year before paying tax.
From BBC • Jul. 10, 2025
He said returning both the disability and incapacity caseload to pre-pandemic levels would save £12bn, adding: "That would equate to almost 2p off the basic rate of income tax."
From BBC • Oct. 16, 2024
He added that reducing economic inactivity to pre-Covid levels could save the taxpayer £12bn, equivalent to cutting the basic rate of income tax by 2p.
From BBC • Oct. 16, 2024
It would also permit the President to raise the basic rate from 20% to 25%.
From The Invisible Government by Smoot, Dan
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
