diff --git a/composer.json b/composer.json
index 5a09c61..0f8d25d 100644
--- a/composer.json
+++ b/composer.json
@@ -19,13 +19,13 @@
         "issues": "http://github.com/silverstripe/silverstripe-tagfield/issues"
     },
     "require": {
-        "php": "^7.4 || ^8.0",
-        "silverstripe/framework": "^4.10",
-        "silverstripe/versioned": "^1.3"
+        "php": "^8.1",
+        "silverstripe/framework": "^5",
+        "silverstripe/versioned": "^2"
     },
     "require-dev": {
         "phpunit/phpunit": "^9.5",
-        "squizlabs/php_codesniffer": "^3.0"
+        "squizlabs/php_codesniffer": "^3"
     },
     "autoload": {
         "psr-4": {