Healthcare accounting is an important tool for doctors, dentists and others in medical professions, where specific rules might apply to issues of tax, and incomes are often relatively high.
But for EU residents wishing to work elsewhere on the continent, knowing how your finances might be affected can be an additional challenge.
The European Commission says that in 2013, just over seven million EU citizens were employed in countries other than their own.
At 3.3% of the total labour force, that’s roughly one in every 30 people across all professions – and medicine is one sector where this has not been uncommon for decades already.
The EU specifically works to promote labour mobility in healthcare disciplines, by encouraging member states to recognise professional qualifications gained in other countries.
From January 2016, a revised Professional Qualifications Directive will make it even easier for professionals ranging from doctors to architects to move around the EU for work.
Those coming to the UK who are required to declare their income here or to pay tax to the UK authorities are likely to need some assistance in understanding the regulations.
Our Manchester accountants are on hand to answer any queries you may have about healthcare accounting, and to help you to manage your finances appropriately for the UK financial regime.
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