Our Story
An Open Letter to ICP Holders
Born Out of Pure Frustration
NNS Tax Pro wasn't created in a corporate boardroom—it was born out of sleepless nights, sheer frustration, and a refusal to let broken systems intimidate honest crypto investors.
Like many of you reading this, I am primarily a HODLer. I believe in the long-term vision of the Internet Computer Protocol (ICP), and I held onto my tokens through the ups, downs, and everything in between. But as anyone in the UK crypto space knows, holding tokens doesn't stop the taxman or the traditional banking system from coming after you.
The Breaking Point: Wild Estimates & Frozen Accounts
Over the years, I've given traditional banks a run for their money—literally. I've had my personal bank accounts frozen three separate times for no reason other than purchasing crypto tokens through legitimate exchanges.
Then came the turning point. Right after my third account freeze, an official nudge letter dropped through my front door from HMRC, stating that I needed to submit a formal tax return.
Determined to do things properly, I tried every major, generic crypto tax software on the market. The results were a complete nightmare:
They misread basic UK crypto tax regulations (specifically HMRC's Section 104 pooling rules).
They couldn't properly interpret complex ICP network transactions like neuron spawns, maturity, and staking rewards.
They handed me wild, inflated tax estimates claiming I owed thousands of pounds in capital gains—when I knew full well I owed almost nothing!
I was facing a system designed to force its powers over regular investors, armed with software that completely failed to represent reality.
From Sunny Cyprus to Section 104
I realized that if I didn't prove my exact numbers mathematically, nobody else was going to defend me.
Sitting under the sun in Cyprus, I decided I was going to tackle this head-on. I dove deep into HMRC manuals, UK tax law, Section 104 pooling calculations, and the raw blockchain structure of the Network Nervous System (NNS).
I built the exact calculation engine I needed to prove—down to the exact penny—what was actually owed. The result was complete clarity, peace of mind, and an HMRC-compliant report that stood up to scrutiny. Once I saw how effectively it solved my own problem, I knew I had to make it available to the entire ICP community.
To My Fellow ICP Holders: Keep the Faith
Navigating the crypto landscape in the UK can feel isolating. Between hostile traditional banks, invasive KYC mandates, and tax rules designed long before blockchain existed, it's easy to feel overwhelmed.
But keep the faith.
We are early pioneers building on revolutionary technology. Don't let inaccurate software or bureaucratic fear push you out of your position or force you into paying taxes you don't actually owe. Know your numbers, protect your hard-earned assets, stay compliant, and keep holding.
NNS Tax Pro was built by an ICP holder, for ICP holders—so you can sleep easy at night knowing your tax reporting is done right.
— Founder, NNS Tax Pro