diff --git a/CHANGELOG.md b/CHANGELOG.md
index 39275caa..e95b5a1a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,16 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## Version 0.4.0 - tbd
+
+### Added
+
+### Changed
+
+### Fixed
+
+### Removed
+
 ## Version 0.3.1 - 2023-02-28
 
 ### Fixed
diff --git a/package.json b/package.json
index c03901c2..34752681 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@cap-js/graphql",
-  "version": "0.3.1",
+  "version": "0.4.0",
   "description": "CDS protocol adapter for GraphQL",
   "keywords": [
     "CAP",