Crypto Tax · South West London
Crypto tax returns in Cannon Hill, Merton
HMRC receives data from UK exchanges and from 2026 under the Cryptoasset Reporting Framework from overseas ones too, and is writing to people in Cannon Hill whose returns do not match. We produce the report that puts you in the right position: every disposal, every pooled cost, every bit of staking income, with the gains and losses reconciled. Fixed fee, online.
from £199 · fixed, per report
Next deadlines
- Online Self Assessment filing deadline and balancing payment due
- Tax year ends: last day for pension, ISA and dividend timing decisions
- Second payment on account due
- Register for Self Assessment if you started self-employment or new untaxed income in the last tax year
Who this is for
Crypto Tax for Cannon Hill
Individuals in Cannon Hill, Merton who hold or have held cryptoassets: long-term investors with a few disposals, active traders with thousands of swaps across several exchanges, people earning staking or lending yield, NFT buyers and sellers, those who received airdrops or forks, anyone who has had an HMRC nudge letter, and people with losses from collapsed exchanges or rug-pulled tokens to claim.
What is included
Everything inside the fixed fee
- Transaction history imported from exchanges and wallets, with transfers between your own wallets matched and excluded
- Capital gains computed under HMRC's section 104 pooling, same-day and 30-day rules for every token
- Staking, mining, airdrop, lending and DeFi income identified and reported as miscellaneous or trading income
- Losses calculated and claimed, including negligible value claims for worthless or lost tokens
- A report you can keep: disposals, proceeds, allowable costs, gains, losses and the pool position for each asset
- Self Assessment capital gains pages and income pages completed and filed in the £279 package
How it works
Crypto Tax from Cannon Hill, Merton, step by step
Scope the job
We find out what you need filed, when it is due and what state the records are in, and tell you which fixed-fee package applies.
Agree the price
The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.
Hand over the records
Photographs, PDFs, software access or a spreadsheet, sent however suits you. We confirm what we have and what is missing within two working days.
Approve, then we submit
You review the draft with our explanation, sign off, and we file. Receipts, copies and the next deadlines come back to you immediately.
Why IGI
Why Cannon Hill businesses file with IGI
One fixed fee for crypto tax in Cannon Hill, Merton, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Cannon Hill, Merton get reminders at 60, 30 and 7 days before each date that applies to crypto tax.
We serve Cannon Hill, Merton remotely by design: records by WhatsApp or email, drafts back for approval, filing electronic. The saving on premises is passed to you in the fee for crypto tax.
Continuity matters in crypto tax: the person who prepared last year's work for your Cannon Hill business prepares this year's, and remembers what was agreed.
We explain crypto tax in the words Cannon Hill, Merton business owners use, not in accountant's shorthand, and we show our working so you can check it.
You stay in control of crypto tax: drafts go to Cannon Hill clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Cannon Hill, Merton
Cannon Hill, Merton is in South West London, within Merton, in the SM4 postcode district, England. For businesses in England the tax rules are those set by the UK Parliament: the 20/40/45% income tax bands, Class 4 National Insurance for the self-employed at 6% and 2%, Corporation Tax at 19% to 25%, and Stamp Duty Land Tax on property. Business rates are set locally by the council.
| Place | Distance | Direction |
|---|---|---|
| Bushey Mead | 0.4 mi | W |
| Morden Park | 0.7 mi | S |
| Merton Park | 0.7 mi | NE |
| Lower Morden | 0.8 mi | S |
| Morden | 0.9 mi | E |
| Raynes Park | 0.9 mi | NW |
| West Barnes | 1 mi | W |
| Cottenham Park | 1 mi | NW |
Worth knowing
Rules that come up in this work
Payments on account
A common surprise in Self Assessment is the January payment that is far larger than expected. That is the balancing payment for the year just ended plus the first payment on account for the year ahead, which HMRC sets at half of the bill just calculated. We put the figure in your hands months ahead and tell you how to adjust it legitimately when circumstances change.
The Self Assessment calendar
Four dates govern Self Assessment: 5 October to register, 31 October for paper returns, 31 January to file online and pay, and 31 July for the second payment on account. Missing the January date triggers an automatic £100 penalty before any tax is even considered, so we treat it as the fixed point around which the rest of the year is planned.
Making Tax Digital for Income Tax
Making Tax Digital for Income Tax began in April 2026 for sole traders and landlords with qualifying income over £50,000, extends to those over £30,000 in April 2027 and is planned for £20,000 in April 2028. It requires digital records in compatible software and four quarterly updates to HMRC each year, with a final declaration replacing the traditional return. Payment dates are unchanged.
Late filing penalties
Lateness is expensive in a way that compounds. For individuals, £100 immediately, then daily penalties, then percentage-based ones at six and twelve months, with interest running on unpaid tax throughout. For companies, Companies House penalties scale with delay and double on repeat, and HMRC adds its own for a late CT600. Filing on time is the cheapest tax planning there is.
Workplace pensions and auto-enrolment
Every employer must assess its workers for automatic enrolment from the first employee's start date. Those aged 22 to State Pension age earning over £10,000 a year must be enrolled into a qualifying pension with minimum contributions of 8% of qualifying earnings, at least 3% from the employer, and a declaration of compliance made to the Pensions Regulator within five months.
Employer National Insurance
The cost of an employee is more than the salary. Employer National Insurance at 15% above £5,000 a year, the 3% minimum pension contribution, holiday pay, equipment and management time all come on top. The Employment Allowance of £10,500 reduces the National Insurance for most employers with more than one person on the payroll.
The trading and property allowances
Small side incomes are covered by two £1,000 allowances, one for trading and one for property, which remove the need to register or report income below that level. Once income exceeds £1,000, the allowance can be used in place of expenses, a choice worth making deliberately: a freelancer with £900 of costs is better off with the allowance, one with £3,000 is not.
Questions
Crypto Tax questions from Cannon Hill
Is staking income a capital gain?
No. Rewards from staking, lending, liquidity provision and most DeFi protocols are income when received, taxed at your income tax rate on the sterling value that day, and reported as miscellaneous income unless your activity amounts to a trade. The tokens then enter your pool at that value for a later capital gain or loss.
What are the Capital Gains Tax rates and allowance?
The annual exempt amount is £3,000 for 2026/27. Gains above it are taxed at 18% within your basic rate band and 24% above it. Losses in the year are set against gains automatically, and unused losses can be carried forward indefinitely if claimed on a return within four years.
How are gains calculated with so many purchases at different prices?
HMRC requires pooling: all units of the same token form one section 104 pool with an average cost, except that disposals are first matched against purchases on the same day and then against purchases within the following 30 days. We apply these rules across your entire history, which is impossible to do accurately by hand at any volume.
Do I pay tax if I never cashed out to pounds?
Usually yes. Swapping one cryptoasset for another, spending crypto on goods or services, and gifting it to anyone other than a spouse are all disposals for Capital Gains Tax, valued in sterling at the time. Only moving coins between your own wallets is not a disposal. Most people's taxable events are swaps, not sales for cash.
I received an HMRC letter about crypto. What should I do?
Do not ignore it and do not reply without the figures. HMRC's nudge letters are sent where exchange data suggests undeclared activity. We prepare the full report, work out what should have been declared, and draft the response, including a voluntary disclosure where tax is owed, which reduces penalties substantially compared with being caught.
How is the fee set?
By transaction count. Up to 500 transactions across all exchanges and wallets is £199 for the report alone or £279 with your Self Assessment filed. Over 500 is £399. A response to an HMRC nudge letter, including the report and the reply, is £249. We confirm the band from your exports before starting.
Do you have an office in Cannon Hill?
No. IGI Accounting is an online-only firm. We serve Cannon Hill, Merton and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for crypto tax is the same in Cannon Hill as anywhere else in the country, and why there is nothing to visit and nothing to print.
How do I get started from Cannon Hill, Merton?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for crypto tax. Once you confirm, we tell you exactly which records to send and the work begins. Most Cannon Hill clients are set up within a day.
Get a fixed quote for Cannon Hill today
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.