A T1 guarantee is held by an agent and is used to generate a T1 transit document. This T1 form allows your goods to travel through EU countries without the import duty and VAT being demanded on entry to the European Union. The procedure is then closed at the country of import.
The T1 document is certification that the goods are destined for another country and can therefore enter the EU without the taxes being paid. Therefore, a T1 guarantee is required so that customs can demand these taxes from a liable party if the procedure is not closed in time. This prevents circumnavigation of tax on importing goods into the EU.
Universal Customs Clearance provides T1 forms and export customs clearance at all major UK ports. Contact us for more information.