FITWI decision file

• Identify the entity, shareholders and income streams.

  Evidence: Ownership chart, latest accounts, tax-account schedule and income analysis.

  Owner: Finance lead

• Establish the ordinary-system baseline.

  Evidence: Reconciled tax computation and supported refund entitlement for each relevant shareholder.

  Owner: Tax practitioner

• Calculate FITWI, exclusions and the floor.

  Evidence: Comparison showing the statutory calculation and material assumptions.

  Owner: Tax practitioner

• Separate entity and shareholder cash.

  Evidence: Tax, dividend, expected refund and reinvestment schedules.

  Owner: Finance lead

• Test the five-year decision.

  Evidence: Relevant-YA forecast with profit, ownership and distribution sensitivities.

  Owner: Directors and finance lead

• Confirm election and payment dates separately.

  Evidence: Actual year-end deadline entry, practitioner access and payment calendar.

  Owner: Tax practitioner

• Approve and retain the final record.

  Evidence: Decision paper, signed approval, filed return and acknowledgement.

  Owner: Directors

Entries are not saved or sent to KMFINCO. Reloading clears this working record. Checked items do not establish eligibility, compliance or professional approval.