PART IIIELECTRICITY GENERATION, TRANSMISSION AND SUPPLY: CENTRAL LISTS
Rateable values8
In the case of each class of English hereditaments and each class of Welsh hereditaments, paragraphs 2 to 2B of Schedule 6 to the 1988 Act shall not apply in any year beginning on or after 1st April 1995 and its rateable value—
a
in the year beginning on 1st April 1995, shall be the amount specified in relation to it in the Schedule; and
b
in any year beginning on or after 1st April 1996, shall be the amount produced by applying the standard formula in relation to that class.