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.
You then pay 20% on earnings between £12,571 and £50,270 - the basic rate - and 40% on anything between £50,271 and £125,140, which is the higher rate.
From BBC • Feb. 17, 2026
The chancellor has announced the rate at which CGT is charged will go up, from 10% to 18% for basic rate taxpayers, and 20% to 24% for those who pay at the higher rate.
From BBC • Oct. 30, 2024
Under the current system, savers receive tax relief at the same rate as their income tax - meaning basic rate taxpayers receive relief at 20% and higher rate taxpayers at 40% or 45%.
From BBC • Oct. 21, 2024
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
These rates vary from about one-third to more than double the basic rate.
From Area Handbook for Romania by Bernier, Donald W.
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.
