5E+W+SAny person who, in purported compliance with a notice under paragraph 2 of this Schedule, knowingly or recklessly makes any statement or produces any document which is false in a material particular shall be guilty of an offence and liable—
(a)on summary conviction to a fine not exceeding £400; or
(b)on conviction on indictment to a fine, or to imprisonment for a term not exceeding two years, or to both.