You should idealy be registered under the Data Protection Act, as you are collecting and storing (all be it for a short time) peoples details.
It only costs £35 to be registered, and just involves filling in a form, theres no checks or anything, so its worth doing. A couple of commissions (or maybe just one!) and it will be paid for.
You may also need a CCL (Consumer Credit Licence), although sometimes you can be covered by the merchants licence, but have to be specifically added. Its a bit of a grey area and the subject of a lot of debate in these forums.
I gather that if you don't host the form on your site, and instead use an iframe pulling the form from the merchants site, then you don't need one (but not 100% sure on this, so don't take it as gospel!)
Your best bet is really to speak to your headmaster at the school, and they should be able to explain all the in's and out's and what you do and don't need.
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