Section 373 of the Principal Act is amended in subsection (2) -
(a) by substituting "1 January 2006;" for "1 January 2006." in paragraph (o)(ii), and
(b) by inserting the following after paragraph (o):
"(p) €24,000, where the expenditure was incurred -
(i) in an accounting period ending on or after 1 January 2007, or
(ii) in a basis period for a year of assessment, where that basis period ends on or after 1 January 2007.".