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Discover LudwigThe phrase "are revoking" is correct and usable in written English.
It can be used when indicating that an action of revocation is currently taking place or is planned to take place in the present or near future.
Example: "The authorities are revoking the licenses of businesses that fail to comply with safety regulations."
Alternatives: "are canceling" or "are withdrawing".
Dictionary
are revoking
verb
To cancel or invalidate by withdrawing or reversing
Exact(4)
Chinese authorities are revoking the business licence of a design company associated with famed dissident artist Ai Weiwei.
The Yankees are revoking the season tickets of fans who have sold their unused tickets on StubHub.com and other Web sites and are looking to start their own entity to sell tickets in the lucrative secondary market.
TfL has issued a letter stating that they are revoking the license held by City Drive Services due to a change in the Company's Director, who has no involvement with the operation or the business practice.
"Dear You Guys (or something along those lines), We are revoking the contract because you did not give us the money all at once".
Similar(56)
It has been revoked.
Can the prize be revoked?
Their immunity has been revoked.
"Your medical license is revoked".
"Their licenses will be revoked".
His licenses should be revoked".
That's been revoked.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com