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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Thereafter the party aims to cut the rates by 1p - creating a 19p basic rate, a 39p higher rate and a 44p additional rate.

From BBC • Mar. 19, 2026

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

From BBC • Oct. 24, 2025

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

He added that reducing economic inactivity to pre-Covid levels could save the taxpayer £12bn, equivalent to cutting the basic rate of income tax by 2p.

From BBC • Oct. 16, 2024

It would also permit the President to raise the basic rate from 20% to 25%.

From The Invisible Government by Smoot, Dan

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