basic rate

British

noun

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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basic rate

For now the basic rate is 12.5%, and some toys pay more.

From BBC ● Oct. 14, 2026

One think tank, Re:State, has suggested, external the government should allocate mayors 2.5p in every pound raised by the 20p basic rate of income tax in their areas.

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

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 is US$4.95/month plus connect charges.

From The Online World by Odd De Presno

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023