16/10/2026
π’ Wise Tax Statement Error Affects Around 4,000 UK Customers
A recent software error at Wise has resulted in around 4,000 UK customers receiving incorrect tax statements relating to its Interest and Stocks investment products.
The errors affected statements covering 2021 to 2025 and included incorrect figures for Capital Gains Tax and investment income, meaning some customers may have paid too much or too little tax through Self Assessment.
Wise has now issued corrected statements and is in discussions with HMRC about a bulk settlement for potential tax shortfalls. It also intends to compensate customers who overpaid because of the errors.
Itβs a useful reminder that even when figures are provided by an investment platform or third party, itβs important to make sure the information going onto your tax return is correct.
If youβve received a corrected statement from Wise, or youβre concerned that investment income or capital gains may have been reported incorrectly, itβs worth reviewing your position.
At LM Griffiths & Co, we can help check the figures, review previous tax returns and advise on any corrections that may be needed.
π 01437 763454
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