Article 10 Rateable value in 1992/3 and subsequent intermediate years
(1)
Where—
(a)
in respect of the year beginning on 1st April 1991 the rateable value of Welsh telecommunications hereditaments has been determined in accordance with article 9(1), and
(b)
in respect of a subsequent intermediate year a calculation in respect of those hereditaments according to formula 2, that is to say—
produces an amount less than that produced by a calculation in accordance with the standard formula, the rateable value of that class of hereditaments shall be the amount calculated in accordance with formula 2; and in any other case it shall be the amount calculated in accordance with the standard formula.