Commentary on Sections Overview Overview Section 127: Giving effect to agreements, decisions and opinions under the Convention
274.This section is a machinery provision relating to the Arbitration Convention. It is based on section 815B(1) to (3) of ICTA.
275.Subsection (4) specifically refers to “the allowance of credit against tax payable in the United Kingdom” for the sake of consistency with section 124(3). This does not change the law, because the added words are implicit in “or otherwise”.