![Basic Tax Rate](https://img-cdn.financeunlocked.com/headers-images/euromoney/3.jpg?ik-sdk-version=javascript-1.0.3)
Glossary
Macro & Markets
Basic Tax Rate
The basic rate of tax is the lowest rate of income tax payable above pre-set tax-free thresholds. Government will impose higher rates of tax on bands above the basic rate.
Basic Tax Rate
The basic rate of tax is the lowest rate of income tax payable above pre-set tax-free thresholds. Government will impose higher rates of tax on bands above the basic rate.