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United Kingdom

Partner retirement from a general partnership—lawyers’ checklist on HMRC (VAT/PAYE/NICs), property transfers, indemnities, payments, banking, management, insurance and notices

Checklists
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Identity of retiring partner

  • What are the retiring partner’s full name and address?

Business details

  • Will the partnership’s business continue unchanged once the partner retires?
  • Is a change to the partnership’s name planned after the partner’s retirement?
  • Will the location or premises of the business alter?
  • If the partnership is VAT-registered, who will notify HMRC of a change in partners for VAT purposes?
  • If the partnership operates PAYE and pays employer’s NICs, who will advise HMRC of partner changes for these obligations?
  • Will any incoming partner need to register for employee’s NICs?

Partnership agreement and other documentation

  • What does the partnership agreement stipulate regarding a partner’s retirement?
  • Are the defined terms in the partnership agreement aligned with those in the proposed deed of retirement?
  • What post-retirement restrictions apply to the departing partner?
  • Are those restrictions reasonable, and should any be strengthened?
  • Should further restrictions be added?
  • Will the retiring partner need to provide assistance to the partnership after retirement?
  • Are the current confidentiality obligations on the retiring partner sufficient?...
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Web page updated on 20/05/2026

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