单词 | basic rate |
释义 | basic rate The normal rate of UK income tax. This was previously called standard rate. In 2000-01 it was 22 per cent. This rate applies to all taxable non-saving incomes above a lower limit, below which a lower rate is payable, and below an upper limit, above which a higher rate is payable; the basic rate in fact applies to most UK taxable income. |
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