15.—(1) A person is liable to a penalty not exceeding £3,000 if—
(a)in complying with an obligation under regulation 6 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 the due diligence requirements in regulation 3 (as modified by regulations 4 or 5 where those regulations apply), 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.