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Market Chatter: Wise in Talks with UK's Tax Authority on Compensation for Customers Over Tax Errors
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01:26 AM EDT, 10/08/2026 (MT Newswires) -- Wise (WISE.L) is discussing a potential "bulk settlement" with HM Revenue & Customs for UK customers who made tax overpayments due to incorrect statements between 2021 and 2025, London's Financial Times reported Thursday, citing an email from the company. The British financial technology company notified 4,000 users of the errors this week, the report noted, adding that the group blamed a third-party supplier for the calculation mistakes. Wise and HMRC did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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