US & UK Tax Filing for Dual Tax Residents

Duration: 3 hour verifiable CPD/CE
Audience: Accountants, tax advisers, EAs
Compliance: ACCA/ICAEW CPD

This 3-hour CPD/CE session gives you a practical, end-to-end workflow for preparing dual UK–US tax filings with confidence.

You’ll master how the UK tax year (6 Apr–5 Apr) interacts with the US calendar year (1 Jan–31 Dec), and how to apportion income cleanly across both systems.

We’ll lock in the must-know deadlines (UK online SA by 31 January; US 15 April with an automatic overseas extension to 15 June), plus how to document FX conversions (spot vs annual average; using US Treasury averages for US returns).

You’ll compare and apply Foreign Tax Credit (Form 1116) versus Foreign Earned Income Exclusion (Form 2555)—including when each wins, how the FTC limitation works, and how to avoid double-claiming errors. You’ll also cover treaty relief highlights (Articles 4, 6, 10, 13), practical SA100 & 1040 prep tips, and the essentials of FATCA Form 8938 and FBAR thresholds so you don’t miss asset reporting. With real case studies, checklists, and templated workpapers, you’ll finish with a repeatable process to reduce double taxation, minimise penalties, and produce defensible, well-evidenced returns. The goal: faster prep, fewer reworks, cleaner documentation—and happier clients who see you as their go-to cross-border expert.

10 key learning takeaways

• 🗓️ Tax years & deadlines: UK 6 Apr–5 Apr; US 1 Jan–31 Dec; SA 31 Jan, US 15 Apr/15 Jun
• 🧭 Residency rules: SRT (183-day) vs US citizenship-based taxation
• 🤝 Treaty tiebreakers: Article 4—home, vital interests, habitual abode, nationality
• 💱 FX methods: HMRC spot/average; US Treasury annual averages; consistent documentation
• 🧾 FTC (Form 1116): Limitation formula and foreign income baskets
• 🏖️ FEIE (Form 2555): When exclusion helps—and when FTC is better
• 📈 Dividends & gains: Treaty Articles 10 & 13; typical 15% dividend cap
• 🏠 Property income: Article 6; UK rental taxed in UK—coordinate FTC for US
• 🧰 Workflow & evidence: SA100/1040 parallels, checklists, reasonable-cause templates
• 🔎 FATCA & FBAR: Form 8938 thresholds; FBAR >$10,000 aggregate—penalties and safeguards