As was very appositely pointed out by Advocate General Jacobs in his Opinion in Abbey National ,(35) it is therefore clear from BLP Group, that the ‘VAT chain-breaking’ effect which is an inherent feature of an exempt transaction will always prevent VAT incurred on supplies used for such a transaction from being deductible from VAT to be paid on a subsequent output supply of which the exempt transaction forms a cost component.
Vou, er, vou falar com as garotasEurLex-2 EurLex-2