The 2007–08 Vyshcha Liha season was the seventeenth since its establishment.
Metalist, which placed right behind Shakhtar and Dynamo, had its awards stripped for match fixing.
[a] The top goalscorer of the season was Marko Dević from Metalist Kharkiv with 19 goals, 6 of which were penalties.
The spot for the second highest goalscorer with 17 goals was a three-way tie between Oleksandr Hladky from Shakhtar Donetsk, Yevhen Seleznyov from Arsenal Kyiv (on loan from Shakhtar), and Oleksandr Kosyrin from Metalurh Donetsk.
Naftovyk and Zakarpattia replaced Illichivets Mariupol (after a 10-year topflight spell) and Stal Alchevsk (a couple of seasons), both of which were relegated to the 2007-08 Ukrainian First League.