They can if they get more than one report off the same vehicle. And that depends on a Police force telling them they stopped the driver and issued a ticket/defect notice.Personally, I wouldn't like the DVLA taking my plates off me and fining me aswell for a non-compliant plate. Thats what they can do....
Police normally give you 14 days to make the defect right and that’s it for a first offence, unless they’re tying it in with other stuff. Having a dodgy plate will make you more of a target for a stop too - like having a bulb out. So if the Police see you being daft they’re more likely to pull you over.
Ultimately they can even confiscate your vehicle but I think you’d really have to upset them, on a bad day and more than once for something that serious.
Not something I’d be bothered to risk. The people that look for these things would spot it either way and those that aren’t bothered won’t have a clue what you’re trying to highlight with the odd and illegal spacing.