diff --git a/JuliaLowering/src/compat.jl b/JuliaLowering/src/compat.jl
index 391c99a624d93..8a408322b98fb 100644
--- a/JuliaLowering/src/compat.jl
+++ b/JuliaLowering/src/compat.jl
@@ -211,9 +211,6 @@ function _insert_convert_expr(@nospecialize(e), graph::SyntaxGraph, src::SourceA
         id_inner = _insert_tree_node(graph, K"String", src; value=e)
         setchildren!(graph, st_id, [id_inner])
         return st_id, src
-    elseif e isa VersionNumber
-        st_id = _insert_tree_node(graph, K"VERSION", src, JS.set_numeric_flags(e.minor*10); value=e)
-        return st_id, src
     elseif !(e isa Expr)
         # There are other kinds we could potentially back-convert (e.g. Float),
         # but Value should work fine.
@@ -407,7 +404,7 @@ function _insert_convert_expr(@nospecialize(e), graph::SyntaxGraph, src::SourceA
             st_flags |= JS.BARE_MODULE_FLAG
         end
         child_exprs = has_version ?
-            Any[e.args[1], e.args[2+has_version], e.args[3+has_version]] :
+            Any[Expr(:mod_version, e.args[1]), e.args[2+has_version], e.args[3+has_version]] :
             Any[e.args[2+has_version], e.args[3+has_version]]
     elseif e.head === :do
         # Expr:
@@ -565,6 +562,13 @@ function _insert_convert_expr(@nospecialize(e), graph::SyntaxGraph, src::SourceA
         child_exprs = nothing
     elseif e.head === :do_lambda
         st_k = K"do"
+    elseif e.head === :mod_version
+        v = e.args[1]
+        @assert v isa VersionNumber
+        st_k = K"VERSION"
+        st_flags = JS.set_numeric_flags(v.minor*10)
+        st_attrs[:value] = v
+        child_exprs = nothing
     end
 
     #---------------------------------------------------------------------------
diff --git a/JuliaLowering/src/macro_expansion.jl b/JuliaLowering/src/macro_expansion.jl
index 708aed4e14fce..3015101bb239a 100644
--- a/JuliaLowering/src/macro_expansion.jl
+++ b/JuliaLowering/src/macro_expansion.jl
@@ -325,6 +325,13 @@ function expand_macro(ctx, ex)
         # Compat: attempt to invoke an old-style macro if there's no applicable
         # method for new-style macro arguments.
         macro_args = Any[macro_loc, ctx.scope_layers[1].mod]
+
+        if length(raw_args) >= 1 && kind(raw_args[1]) === K"VERSION"
+            # Hack: see jl_invoke_julia_macro.  We may see an extra argument
+            # depending on who parsed this macrocall.
+            macro_args[1] = Core.MacroSource(macro_loc, raw_args[1].value)
+        end
+
         for arg in raw_args
             # For hygiene in old-style macros, we omit any additional scope
             # layer information from macro arguments. Old-style macros will
@@ -335,7 +342,7 @@ function expand_macro(ctx, ex)
             # new-style macros which call old-style macros. Instead of seeing
             # `Expr(:escape)` in such situations, old-style macros will now see
             # `Expr(:scope_layer)` inside `macro_args`.
-            push!(macro_args, Expr(arg))
+            kind(arg) !== K"VERSION" && push!(macro_args, Expr(arg))
         end
         expanded = try
             Base.invoke_in_world(ctx.macro_world, macfunc, macro_args...)
diff --git a/JuliaLowering/test/macros.jl b/JuliaLowering/test/macros.jl
index 84c80499722f7..cd10e5f2fa445 100644
--- a/JuliaLowering/test/macros.jl
+++ b/JuliaLowering/test/macros.jl
@@ -122,6 +122,19 @@ ctx, expanded = JuliaLowering.expand_forms_1(test_mod, ex, false, Base.get_world
     "y"
 ]
 
+@test JuliaLowering.include_string(test_mod, raw"""
+v"1.14"
+""") isa VersionNumber
+@test JuliaLowering.include_string(test_mod, raw"""
+v"1.14"
+""";expr_compat_mode=true) isa VersionNumber
+@test JuliaLowering.include_string(test_mod, raw"""
+Base.Experimental.@VERSION
+""") isa NamedTuple
+@test JuliaLowering.include_string(test_mod, raw"""
+Base.Experimental.@VERSION
+""";expr_compat_mode=true) isa NamedTuple
+
 # World age support for macro expansion
 JuliaLowering.include_string(test_mod, raw"""
 macro world_age_test()