Thames Water denies 'tax dodge'

The UK's biggest water company has admitted it paid no corporation tax for the last three years.

Thames Water, who saw revenues of nearly £2 billion and above inflation price rises, said they were not performing a "tax dodge" but were following the government's rules.

ITV News Business Editor Laura Kuenssberg, has been hearing how they do it.

Read: Thames Water has a 'clear conscience' over corporation tax

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Thames Water in tax row

The UK's biggest water company paid no corporation tax and received £5 million credit from the Treasury during a year in which revenues hit £1.8 billion. Thames Water made £549 million in underlying pre-tax profits as it raised bills by 6.7%.