# The British Gas plc (Rateable Values) Order 1989, Article 8: Rateable value in 1991/2


(1) In respect of the year beginning on 1st April 1991, where a calculation in respect of Welsh gas hereditaments in accordance with formula 1, that is to say—
RV*1.2(1+(I-B/C)+U produces an amount less than that produced by a calculation in respect of that year in accordance with the standard formula, the rateable value of those hereditaments in that year shall be determined by a calculation in accordance with formula 1.
(2) Where the calculation under paragraph (1) in accordance with formula 1 produces an amount equal to or greater than that produced by the calculation under that paragraph in accordance with the standard formula, the rateable value of those hereditaments in the year in respect of which that calculation was made shall be determined in accordance with the standard formula.

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Source: https://www.legislation.gov.uk/uksi/1989/2471/article/8 (the official version)
Page: https://openlegislation.uk/british-gas-plc-rateable-values-order-1989/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.