# Wise Tax Glitch Affects 4,000 UK Users

> Wise software error caused 4,000 UK users incorrect tax statements between 2021-2025.
- Title: Wise Tax Glitch Affects 4,000 UK Users · Pymnts | Shortify
- Summary: Wise software error caused 4,000 UK users incorrect tax statements between 2021-2025. Wise fixed tax statement error for 4,000 UK customers using third-party…
- Keywords: wise, tax statements, third-party software, capital gains, self-assessment tax returns, hmrc, business, finance, Tax, Glitch, Affects, 000
- Source: Pymnts — https://pymnts.com/taxes/2026/wise-software-glitch-leads-to-4000-incorrect-tax-statements
- Author: PYMNTS
- Published: 2026-10-08T10:53:34+00:00
- Read time: 1 min
- Topics: wise, uk, tax statements, third-party software, capital gains, self-assessment tax returns, hmrc, business, finance
## Wise Tax Glitch
Wise contacted 4,000 UK users about incorrect tax statements from 2021 to 2025.

> Wise identified that errors in software used by a third-party provider led to incorrect tax statements for a limited number of customers using our Wise Interest and Stocks investment products
## Tax Statement Error
The error came from miscalculations by third-party software on stock and fund investment earnings.
## Compensation Plan
Wise will compensate customers who overpaid taxes due to the incorrect statements.
## HMRC Settlement
Wise is negotiating a bulk settlement with HMRC for tax shortfalls caused by the error.
## Key takeaway

Wise fixed tax statement error for 4,000 UK customers using third-party software, compensating those overpaid.