The advisers, who have yet to be named for legal reasons, were arrested on Wednesday following an investigation by the taxman, include a 56-year-old from Greater Manchester, another man aged 67 in Derbyshire and a man aged 59 from Warwickshire.
All three are suspected of involvement in a scheme that used Jersey-based offshore trusts to allow individuals to avoid around £132m in income tax.
In a statement on Thursday, HMRC said the trusts were used by “professional financial advisers” to help clients avoid paying tax.
Paul Maybury, assistant director of HMRC’s fraud investigation service, said the arrests show UK tax office is “determined” to crackdown on tax avoidance and the professionals that facilitate it.
“These arrests show that we are determined to tackle not only those suspected of tax fraud, but also the professionals who we believe abuse their position of trust to help them do it.
"The vast majority of taxpayers pay the tax they owe, but for those who don’t we will not hesitate to use our full range of powers to ensure that nobody is beyond our reach," he said.
New tax evasion law
The exposé, which involved the leak of more 11 million documents from Panamanian law firm Mossack Fonseca, detailed the dubious tax arrangements of the rich and powerful around the world, often using offshore shell companies to avoid paying tax in their home countries.