basic rate

British  

noun

1. the standard or lowest level on a scale of money payable, esp in taxation

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Example Sentences

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 income tax has not been raised since the 1970s.

From BBC • Oct. 24, 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

Under the current system, you receive pension tax relief at the same rate as your income tax bracket - meaning basic rate taxpayers receive relief at 20%.

From BBC • Oct. 10, 2024

These rates vary from about one-third to more than double the basic rate.

From Area Handbook for Romania by Bernier, Donald W.