Swim England has produced the below guidance for Aquatic Clubs.
Gift Aid can be used to generate a tax rebate for clubs through Her Majesty's Revenue and Customs (HMRC) but we would ask all clubs to exercise caution in this matter to ensure they are applying it correctly.
The only clubs that should be considering Gift Aid are those that are registered as Community Amateur Sports Clubs (CASC), Charitable Incorporated Organisations or Companies Limited by Guarantee with Charitable status.
We would encourage clubs to read Key UK tax law developments for not-for-profit sports clubs in 2017-18 written by Richard Baldwin MBE. You will need to register to read the article in full but registration is free. (Numerous other articles about running amateur sports clubs exist, too, that readers may find beneficial)
In general terms, club subscriptions generally do not qualify for Gift Aid due to the provision of services. However, if a club feels they have a membership structure which complies with the regulations for Gift Aid, they should check this with a tax adviser and/or HMRC before applying for Gift Aid.
Clubs who receive donations and hold collections should look at the criteria carefully as this is likely to be something clubs can claim Gift Aid on, provided that the regulations are followed.
Gaining a tax rebate through Gift Aid is a good opportunity for some clubs, but we would always advise clubs to speak directly to a tax adviser or HMRC in the first instance.