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Discover LudwigThe phrase 'is expiring' is correct and can be used in written English.
In the context of a deadline or end date, you could use the phrase like this: "The special offer on the website is expiring tomorrow."
Dictionary
Exact(60)
His contract is expiring.
Nike replaces Reebok, whose agreement is expiring.
Her temporary work visa is expiring.
Why did I get a notice that my Mercury registration is expiring?
That is, expiring patents on some important drugs have created a cliff for Ireland's pharma exports.
His temporary residence permit, granted on humanitarian grounds, is expiring with no clear path to renewal.
The shareholder pact in control of 55% of Mediobanca is expiring.
The shelf life of this particular tax shelter, and many others like it, is expiring soon.
Willie Mitchell fires from the point and beats Lundqvist, just as the play is expiring.
It is to replace Pathmark, whose 25-year lease is expiring.
All that's changing now is that ICANN's contract with the NTIA is expiring.
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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