PART 5PENALTIES
CHAPTER 5PENALTIES RELATING TO INVESTIGATIONS
Penalty for inaccurate information or documents
I1152Penalty for inaccurate information or documents
1
This section applies if—
a
a person provides inaccurate information, or produces a document that contains an inaccuracy, in complying with an information notice other than a debtor contact notice, and
b
condition 1, 2 or 3 is met.
2
Condition 1 is that the inaccuracy is—
a
deliberate, or
b
due to a failure by the person to take reasonable care.
3
Condition 2 is that the person knows of the inaccuracy at the time the information is provided or the document is produced but does not inform WRA at that time.
4
Condition 3 is that the person—
a
discovers the inaccuracy some time later, and
b
fails to take reasonable steps to inform WRA.
5
The person is liable to a penalty not exceeding £3,000.
6
Where the information or document contains more than one inaccuracy in respect of which condition 1, 2 or 3 is met, a penalty is payable for each such inaccuracy.