Penalties for breach of obligations

Penalties for inaccurate information
11. (1) A person is liable to a penalty not exceeding £3,000 if—
(a) in complying with an obligation under regulation 8 the person provides inaccurate information, and
(b) condition A, B or C is met.
(2) Condition A is that the inaccuracy is—
(a) due to a failure to comply with regulation 6, or
(b) deliberate on the part of the person.
(3) Condition B is that the person knows of the inaccuracy at the time the information is provided but does not inform HMRC at that time.
(4) Condition C is that the person—
(a) discovers the inaccuracy some time later, and
(b) fails to take reasonable steps to inform HMRC.