I took my car for a re-test on Saturday, while I was there I had a chat with the guy who owns the place, he's been doing my MOT's for 12 years, so he knows me and my car quite well. I asked him about exhaust noise, he said that their aren't any strict guidlines regards exhaust db, he said the MOT testers use their own discretian, they have to consider if the exhaust is in keeping with the car, if someone has fitted a badboy exhaust to a Corsa then is will most likely fail, however if is a Supra or similar they would probably pass it providing the volume isn't "excessively" loud.
Also, with regards to de-cats, he said they could fail the exhaust on the basis that it is "incomplete", as it deviates too far from the original system fitted at the factory.