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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

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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

It is more than half a century since a chancellor of the exchequer chose to put up the basic rate of income tax.

From BBC Nov. 4, 2025

The basic rate of income tax has not been raised since the 1970s.

From BBC Oct. 24, 2025

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

From BBC Oct. 10, 2025

The basic rate is US$4.95/month plus connect charges.

From The Online World by De Presno, Odd

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