TaxGuided
All glossary terms

Glossary term

Basic Rate Band (UK)

The portion of UK taxable income taxed at the basic rate of 20 percent on non-savings income.

Related terms

2

Jurisdictions

gb

Definition

UK income tax includes a basic rate band of 37,700 GBP for 2024-25 above the personal allowance. Non-savings income in this band is taxed at 20 percent; savings income at 20 percent; dividend income at 8.75 percent.

Examples

  • A taxpayer with taxable income within the basic rate band pays 20 percent on non-savings income.

Related terms

Personal Allowance (UK)Higher Rate Band (UK)

Translations

ESbanda de tasa básica
ZH基本税率范围
DEGrundsteuerbereich
FRtranche de taux de base
JA基本税率帯

Citations

Income Tax Act 2007 · 10

Related citations

Computed from the cross-reference graph. Links open the related entity on this site.

This entry cites

Cited by

Primary sources

Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.