basic rate
noun[S]
TAXukusin the UK, thelevelofincometaxthat mostpeoplepay:
Index-linkedcertificatesareworth4.8% to thosepayingtaxat thebasicrate.
cut/increase/raise the basic rateThepartyhas nointentionofraisingthebasicrateofincometaxatpresent.
basic-rate
adjective[before noun]
basic-ratetaxpayers