basic rate of tax
1basic rate of tax — The basic rate of income tax is 23% in the fiscal year 1998/99 and is applied to taxable income in between £4,300 and £27,100. Dresdner Kleinwort Wasserstein financial glossary See also lower rate of tax, higher rate of tax and taxable income.… …
2basic rate — ➔ rate1 * * * basic rate UK US noun [S] TAX ► in the UK, the level of income tax that most people pay: »Index linked certificates are worth 4.8% to those paying tax at the basic rate. cut/increase/raise the basic rate »The party has no intention… …
3basic-rate — UK US noun [S] TAX ► in the UK, the level of income tax that most people pay: »Index linked certificates are worth 4.8% to those paying tax at the basic rate. cut/increase/raise the basic rate »The party has no intention of raising the basic rate …
4higher rate of tax — The higher rate of tax is 40% in the fiscal year 1998/99 and is applied to taxable income in excess of £27,100. Dresdner Kleinwort Wasserstein financial glossary See also lower rate of tax, basic rate of tax and taxable income …
5lower rate of tax — The lower rate of tax is 20% in the fiscal year 1998/99 and is applied to the first £4,300 of taxable income. Dresdner Kleinwort Wasserstein financial glossary See also basic rate of tax, higher rate of tax and taxable income. Dresdner Kleinwort… …
6basic-rate — adj. Basic rate is used with these nouns: ↑tax …
7basic rate of income tax — A rate of income tax between the starting rate and the higher rate. In the UK it is currently 22%, which is applied to that part of taxable income in the band £2091 to £32,400 (2005–06). See also: higher rate of income tax, starting rate of… …
8basic rate of income tax — A rate of income tax between the starting rate and the higher rate. In the UK it is 22%, which is applied to that part of taxable income in the band £2091 to £32, 400 (2005 06). See also higher rate of income tax; starting rate of income tax …
9basic rate tax — / beɪsɪk reɪt ˌtæks/ noun the lowest rate of income tax …
10tax — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ high, low ▪ direct, indirect ▪ flat ▪ basic rate, higher rate (both BrE) …
