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United Kingdom
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DNB meaning

Published by a LexisNexis Energy expert
What does DNB mean?
In legal and transactional practice, DNB refers to Dungeness B nuclear power station, an Advanced Gas-cooled Reactor facility at Dungeness, Kent. It is operated by edf energy Nuclear Generation Limited as the licensed operator under the Nuclear Installations Act 1965. Electricity generation ceased permanently in 2021 and the station is in defuelling ahead of decommissioning. The term is not defined in legislation or case law; it is descriptive shorthand used across energy, infrastructure and finance documents. References to DNB commonly appear in: asset and site schedules; nuclear site licence obligations and Office for Nuclear Regulation compliance; Environment Agency environmental permits; radioactive waste, defuelling and decommissioning plans; grid connection agreements and land rights; insurance, security packages and project or corporate finance documentation. Usage is broadly consistent across England & Wales, Scotland and Northern Ireland. In Ireland, the term is typically encountered in cross‑border finance and transaction documents that reference Great Britain nuclear assets rather than in domestic regulatory materials.
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PRACTICE NOTES
UK VAT cost sharing exemption: eligibility, directly necessary test, exact reimbursement, distortion of competition, sectoral exclusions post-2018, HMRC guidance, and interaction with VAT grouping

Why is a cost sharing exemption needed? The cost sharing exemption (CSE) has appeared in Directive 2006/112/EC (the VAT Directive) since 1977. Yet the UK did not introduce it into domestic VAT legislation until 17 July 2012. In the interim, doubts persisted within the UK regarding both the scope and the purpose of the pertinent provision in the VAT Directive. This lack of clarity created an uneven playing field across the EU, as Member States applied the exemption in divergent ways. As a consequence, comparability between Member States was weakened. It also triggered EU litigation, the outcomes of which assist practitioners when construing the exemption and its limits. Historically, HMRC maintained that the UK’s VAT grouping provisions were sufficient to accommodate the CSE as envisaged by the VAT Directive. However, the European Commission initiated proceedings against various Member States for incorrectly enacting the exemption, which appears to have prompted HMRC and HM Treasury to rethink their stance and proceed to implement a specific CSE within UK VAT legislation. That...

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