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How to fill out the C1201 Form online
Completing the C1201 Form online can streamline your process for submitting deferment guarantees. This guide provides a clear, step-by-step approach to successfully fill out each section of the form.
Follow the steps to complete the C1201 Form efficiently.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by entering the name and address of the Guarantor, which could be a bank or insurance company. Make sure to fill in the fields for the town, county, postcode, and phone number. Don’t forget to include the Guarantor's reference as required.
- Next, provide the name and address of the applicant, and ensure to restate the name of the Guarantor clearly. This confirms who is guaranteeing the payment of duties, taxes, and other charges.
- In this section, detail the terms of the guarantee. Clearly state your agreement to pay the Commissioners immediately on demand for all sums for which deferment is allowed.
- Input the limited liability of the Guarantor. Fill in the amount in both words and figures confirming the cap on liability for any one calendar month.
- Indicate the commencement date of the guarantee, specifying the day, month, and year it starts. This date is crucial for determining the start of liability under the guarantee.
- If applicable, complete the section that replaces earlier guarantees. List down the total amounts related to the earlier guarantees and ensure to acknowledge any existing liability before the new guarantee begins.
- Document the date and provide the name of the Guarantor along with the signature(s) of the authorized signatory. Include their status to validate the guarantee.
- For guarantees executed in Scotland, a witness must complete their section. Provide the full name, place of residence, and occupation of the witness.
- Review all completed fields for accuracy. Once confirmed, you can save changes, download, print, or share the completed C1201 Form.
Complete your C1201 Form online today to ensure your deferment guarantee is processed without delay.
After you've applied If you need to apply for a financial guarantee, this may take longer. If your application is approved and a Direct Debit is in place you will get a deferment approval number. You will need to use this on your import declarations or to remove goods from an excise warehouse.
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