higher rate

British  

noun

1. (in Britain) a rate of income tax that is higher than the basic rate and becomes payable on taxable income in excess of a specified limit

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Example Sentences

There’s also a risk of a higher rate of elder poverty if people are unable to save what’s required, he said.

From MarketWatch

They also agreed that GM would pay a higher rate for parts if demand fell short of projections.

From The Wall Street Journal

The Tax Foundation, a nonpartisan nonprofit, anticipated a higher rate of evasion on this tax, leading to a revenue gain of $3.3 trillion.

From Barron's

Iranian missiles are striking targets at a higher rate than early in the conflict, said Kelly Grieco, a senior fellow at the Stimson Center, a Washington think tank, citing a review she did of open-source strike data.

From The Wall Street Journal

For higher rate taxpayers the limit is £500, but additional rate taxpayers don't have any allowance - they pay tax on all their savings income.

From BBC