Rateable values4.
In relation to each class of hereditaments, paragraphs 2 to 2C4 of Schedule 6 to the Act shall not apply in any year for which the central list is in force, and its rateable value—
(a)
in the year beginning on 1st April 2000 shall be the amount specified in relation to it in the Schedule; and
(b)
subject to article 7, in any year beginning on or after 1st April 2001 shall be the amount produced in respect of that year by applying the standard formula in relation to that class.