The club has been registered with HMRC as a Community Amateur Sport Club (CASC).
The big advantage this can offer the club is to able to class any sponsorship or donation as Gift Aid. This allows the club to reclaim any tax that has been paid by the donor, and that can then be used to further benefit the club.
Club Treasurer Kevin Phillips said "Gaining this registration gives us the opportunity to maximise future investments and fund raising activities in the club. It also reflects well on the sound way the club is run - HMRC scrutinised our club processes, accounts and documentation in detail before awarding the registration".
Abergavenny are the first Welsh hockey club to attain this registration.