diff --git a/.version b/.version
index f0bb29e..88c5fb8 100644
--- a/.version
+++ b/.version
@@ -1 +1 @@
-1.3.0
+1.4.0
diff --git a/setup.py b/setup.py
index 815e8b9..0c69de0 100644
--- a/setup.py
+++ b/setup.py
@@ -6,5 +6,5 @@ from setuptools import setup
 setup(
     name='pre_commit_placeholder_package',
     version='0.0.0',
-    install_requires=['mypy==1.3.0'],
+    install_requires=['mypy==1.4.0'],
 )