Jurisdiction: | UK |
Area: | Finance |
Requirement Date: | April 2026 |
UK Budget 2025: A summary of the impact for the construction industry
Payroll & Employment Costs
National Minimum & Living Wage rises from April 2026 (Over 21s: £12.71/hr)
NI thresholds frozen until 2031
Pension salary sacrifice NI relief capped at £2,000/year from April 2029
CIS (Construction Industry Scheme)
From April 2026: HMRC can revoke Gross Payment Status immediately for fraud links
Five-year ban on reapplying for GPS; penalties up to 30% of lost tax
Note: one significant announcement in the UK budget (2025) is mandatory e-invoicing for all VAT invoices for business-to-business (B2B) and business-to-government (B2G) transactions from 1 April 2029. HMRC roadmap to be published in Budget 2026. Access Coins have a development plan in place for e-invoicing.
Useful links:
Coins: ERP+ Maintenance Updates
The supported versions of Coins as of November 2025 are v12.05, v12.04 and v12.03.