### Net Impact: - **Before VAT Registration:** Net VAT paid…
### Net Impact:
- **Before VAT Registration:** Net VAT paid = £20 (cannot reclaim)
- **After VAT Registration:** Net VAT payable to HMRC = £30 (sales VAT) - £20 (reclaimed VAT) = £10
### Net Impact:
- **Before VAT Registration:** Net VAT paid = £20 (cannot reclaim)
- **After VAT Registration:** Net VAT payable to HMRC = £30 (sales VAT) - £20 (reclaimed VAT) = £10