Example sentences of "[verb] at the basic rate " in BNC.

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1 The trustees ' expenses and proper management fees , therefore , are paid out of the income of the trust taxed at the basic rate , and no relief can be claimed by the trustees or beneficiaries in respect thereof .
2 The gain may be taxed at the basic rate of income tax therefore or at the higher rate .
3 They therefore receive an imputed tax credit evaluated at the basic rate of personal tax ( currently 25 per cent ) .
4 The maximum ACT offset is limited to the amount of tax that would have been payable on the profits assuming they had been charged at the basic rate of tax ( s 239(2) ) .
5 " Excess liability " means the excess of liability to income tax over what it would be if all income tax not chargeable at the lower rate were charged at the basic rate to the exclusion of any higher rate .
6 Tax on the remaining £1,640 should have been charged at the basic rate of 25 per cent , which would make your tax bill £410 .
7 If your parent has savings invested with a local authority , from which tax is deducted at the basic rate , she can only get some of this tax back if the tax , together with any other tax that is paid ( e.g. under Pay As Your Earn ) , comes to more than the proper tax on her total income .
8 Normally if tax is paid under Pay As You Earn , the tax deducted at the basic rate will be correct .
9 This operates in the same way as the MIRAS scheme for mortgages , with relief given at the basic rate by deduction at source .
10 With regard to UK source income it was accepted , because the income arose in the United Kingdom , that the trust was liable to tax at the basic rate and the additional 10 per cent rate ( p474(h) ) .
11 If unavoidable delays do occur the operative should be paid at the basic rate and the hours excluded from bonus calculations .
12 While there is no longer any premium relief on new life policies , higher rate taxpayers or people expecting to become so in the future , qualifying policies allow them to obtain a ‘ tax-free ’ lump sum when the policy matures although tax is paid at the basic rate on the fund by the life assurer .
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