http://www.legislation.gov.uk/wsi/2000/299/article/7The Water Undertakers (Rateable Values) (Wales) Order 2000Business ratesRATING, WALESStatute Law Database2022-08-30Expert Participation2000-04-01 Under paragraph 3(2) of Schedule 6 to the Local Government Finance Act 1988, the Secretary of State may by order provide in the case of non-domestic hereditaments to be shown in the central rating list for Wales that the normal rules of valuation for rating contained in paragraphs 2 to 2B of that Schedule are not to apply to such hereditaments. Instead their rateable values shall be such as are specified in the order or determined in accordance with prescribed rules. These powers are now vested in the National Assembly for Wales. The Water Undertakers (Rateable Values) (Wales) Order 2000Gorchymyn Ymgymerwyr Dŵ r (Gwerthoedd Ardrethol) (Cymru) 2000art. 7(1)The Non-Domestic Rating (Utilities) (Rateable Value) (Amendment) (Wales) Order 2003Gorchymyn Ardrethu Annomestig (Cyfleustodau) (Gwerth Ardrethol) (Diwygio) (Cymru) 2003art. 2(c)art. 1(1)The Water Undertakers (Rateable Values) (Wales) Order 2000Gorchymyn Ymgymerwyr Dŵ r (Gwerthoedd Ardrethol) (Cymru) 2000art. 7(2)The Non-Domestic Rating (Utilities) (Rateable Value) (Amendment) (Wales) Order 2003Gorchymyn Ardrethu Annomestig (Cyfleustodau) (Gwerth Ardrethol) (Diwygio) (Cymru) 2003art. 2(d)art. 1(1) 7 1 Where in relation to a class of hereditaments and any year the value attributable to “y” is less than that produced in calculating in accordance with the formula— $\mathrm{Y}102100$ (“the upper threshold”) and greater than that produced by calculating in accordance with the formula— $\mathrm{Y}98100$ (“the lower threshold”), the recalculation factor applicable to that class— a in the first such year shall be 0, and b in any subsequent such year, shall be a figure equal to the recalculation factor applicable in accordance with this article in the relevant preceding year. 2 Where in relation to any year, the value attributable to “y” in respect of a class of hereditaments is equal to or exceeds the upper threshold or is equal to or lower than the lower threshold, the recalculation factor applicable to that class in that year shall be the figure produced by calculating in accordance with the formula— $\mathrm{T}\mathrm{y}-\mathrm{Y1.5Y}$ 3 In relation to a class of hereditaments and a year beginning after the year in which paragraph (2) first applies to that class, paragraph (1) shall apply as if for Y there were substituted Z.

Art. 7 in force at 1.4.2000, see art. 1(1)