TSEM3483 | Trust income and gains: vulnerable beneficiaries: enquiries: penalties - providing incorrect information
From HM Revenue & Customs · Trusts, Settlements and Estates Manual
A penalty, up to a maximum of £3,000, is chargeable on the trustees where incorrect information, statements or declarations are supplied either negligently or fraudulently. Information given jointly by trustees and a vulnerable person is treated, for the purposes of penalties, as given by the trustees.