standard rate
noun[C]
UKukusBANKING,FINANCE(alsostandard rate of interest)
thenormalpercentageamountthat abankchargescustomersforborrowingmoney:
charge/pay a standard rateOurdiscountedrateendedthisyearand we have beenpayingthe bank'sstandardrateof 6.1%eversince.
TAX(alsostandard rate of income tax)
thenormalrateofincometaxpaidby mostpeoplewho do not have anespeciallyhigh orlowincome:
Thesefiguresapplytopeoplewhopayincometaxat thestandardrate.
TAX
thenormalrateofvalue-addedtax:
ThestandardrateofVATisduetoriseto 20%.
COMMUNICATIONS
theusualratethat aphonecompanychargescustomersforcallinganormalphonenumber:
On aweekday,callscost6p aminute,standardrate.
Compare
premium rate
standard-rate
adjective[before noun]
Thenetcostis £5,300 if you are a standard-ratetaxpayer.