No. Colour changes are required to be notified to the DVLA for alteration on the V5C though, and that includes wraps.
Insurers may well offer you insurance if you're modified, but check that you're covered for the value of them[i/]. This is arguably more important than anything, as you may have £10K worth of mods including wheels, bodykits, leather retrim, turbochargers etc, all of which counts for nothing when you have an accident and end up with just enough money to purchase a bone stock 350Z. The cheapest price is not always the best price.