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How Did Wise's Tax Software Slip Up for Four Straight Years?
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Subscribe13 OCT 2026 / ACCOUNTING & TAXES
Third-party software used by the fintech company Wise reportedly produced incorrect investment tax statements for roughly 4,000 UK customers, affecting tax years from 2021/22 to 2024/25. The firm is in discussions with HM Revenue & Customs (HMRC) about a bulk settlement to address potential tax shortfalls and reimbursement for customers who overpaid, highlighting ongoing questions about tax reporting accountability and the reliability of automated financial statements.
A tax statement can look perfectly accurate while quietly sending thousands of customers toward the wrong tax bill. That's the problem Wise faces after third-party software produced incorrect investment tax statements for approximately 4,000 UK customers....
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