Ghadiali & Co is a VAT-registered business. In the three months ended 31 July the business sold goods with a net value of £143,200, all of which were subject to VAT at standard rate (20%). In the same quarter, the business bought goods and services (all of which were subject to VAT at standard rate) totalling £104,550 including VAT.

After preparing its VAT return for the quarter ending 31 July, how much VAT must the business pay to HMRC?