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basic rate of income tax


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In the UK a rate of income tax below the higher rate. It is currently 20%, which is applied to the first £36,000 of taxable income (2008–09). See also higher rate of income tax; starting rate of income tax.

Subjects: Economics.

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basic rate of income tax
in A Dictionary of Finance and Banking

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basic rate of income tax
in A Dictionary of Business and Management

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basic rate of income tax
in A Dictionary of Accounting

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basic rate
in A Dictionary of Economics

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