http://www.legislation.gov.uk/wsi/2000/555/article/3The Railtrack plc (Rateable Value) (Wales) Order 2000Business ratesRATING AND VALUATION, WALESStatute Law Database2022-08-30Expert Participation2003-04-01 Under paragraph 3(2) of Schedule 6 to the Local Government Finance Act 1988, the National Assembly for Wales may by order provide that non-domestic hereditaments of a description shown in a central rating list are not to be valued for non-domestic rating on the basis set out in paragraphs 2 to 2C of that Schedule (that is to say, by reference to the rent a hypothetical tenant would pay for a hereditament on an annual basis), but that their rateable values shall be such as are specified in the order or determined in accordance with prescribed rules. 3 Where (apart from this article) any rateable value determined under this Order would include a fraction of a pound — a if the fraction would exceed 50p it shall be made up to one pound; b if the fraction would be 50p or less it shall be ignored. Art. 3 in force at 1.4.2000, see art. 1(1)