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flat rate

Line breaks: flat rate

Definition of flat rate in English:

noun

1A charge or level of payment that is the same in all cases: clients are charged a flat rate of £250 annually [as modifier]: the flat-rate state pension
More example sentences
  • The campaigners reckon the Treasury should replace a tax on the weight of tobacco with a flat-rate charge per cigar.
  • Different flat-rate payment schemes would also operate between land in ‘severely disadvantaged areas’ and all other land.
  • At best, phone companies will be able to charge a flat-rate fee for service; at worst they will have to give voice calls away.
1.1A rate of taxation that is not progressive, but remains at the same proportion on all amounts: a tax levied at a flat rate of 7.65 per cent
More example sentences
  • Income arising to a non-resident employee is subject to Portuguese withholding tax at a flat rate of 25 per cent.
  • Now, rumours have begun to fly that he may commit himself to a reform of the federal tax system, including the possible introduction of a flat rate of income tax.

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Pronunciation: pɪət
adjective
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