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Article 6 Rateable values

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In the case of a hereditament falling within the class to which article 5(1) applies, paragraphs 2 to 2B(a) of Schedule 6 to the Act shall not apply and its rateable value in any year beginning on or after 1st April 1995 shall be an amount equal—

(a)

where the primary source of energy used by the plant is wind or tidal power, to £5,810 per megawatt of the declared net capacity of the generating plant, or

(b)

in any other case, to £11,620 per megawatt of its declared net capacity.

(2)

In sub-paragraphs (a) and (b) above, amounts in megawatts shall be expressed to the nearest hundredth part of a megawatt.