Is it ok to work freelance in the USA and in the UK?

I may decide to spend time equally between the UK and USA. Is it ok to work freelance in both countries?

How would residency be handled?

If its fine, my understanding would be to file UK taxes as normal and then US Tax return as normal on global income, (with the UK portion being accounted for as usual).

Any thoughts would be great. Its rather confusing :-)

Richard

Working freelance across borders is fine (I have Swiss and Polish clients, in addition to UK), but I think you'll run into problems on the residency issue. If you're splitting time between countries, you'll be 'ordinarily resident' in both the UK and US (or in neither?), and that'll make things sticky enough that I'd advise seeking out a tax pro with UK and US expertise. I don't have any recommendations on that front, because I've not needed such services, but London seems to have a fair few.