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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

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

This figure rises to £972m if the UK basic rate increased by two percentage points, with cuts of more than £1bn to the block grant in each of the two following years.

From BBC • Nov. 4, 2025

A basic rate taxpayer can earn £1,000 in savings interest a year before paying tax.

From BBC • Jul. 10, 2025

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