The specific penalty for late filing of Form Trust Fund may vary depending on the jurisdiction and the specific circumstances. However, generally, late filing of trust fund forms may result in penalties and interest charges. These penalties and interest charges could be based on a percentage of the unpaid tax amount or a flat fee per month or per day of delay. It is important to consult the relevant tax laws and guidelines specific to your jurisdiction or consult with a tax professional for accurate and up-to-date information on penalties for late filing of trust fund forms.