Cryptic crossword clue
Great 11, perhaps, for what 1 down might pay 8

The most common and most likely answer to this crossword clue is the 8 letter word SUPERTAX

I've seen this crossword clue in Financial Times
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The straight part
We know that "what 1 down might pay" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case what 1 down might pay = supertax.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does SUPERTAX mean?

SUPERTAX noun
  1. An additional tax on something that has already been taxed
  2. A higher rate of an existing tax

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