The NS bit is easy enough: 'The NS series is a catch-all category for threads which have the American Standard form, but whose pitches are not in the National Coarse or National Fine series.'
Possibly VT indicates a particular purpose like 'Vacuum Tube', or it might just be a catalogue code. Or a property such as 'V-Thread', meaning the valley root is cut sharp rather than flat.
Fine threads imply strong joints or gas tight, or thin-walled. As NS suggests USA origin, but the tap is British, I think it was made for a UK organisation that imported a significant quantity of an American equipment and maintained it locally. Loads of possibilities – could be military, maritime, aviation, medical, chemical engineering, pressure vessel etc. Could be military except the absence of a broad arrow, pattern number or NATO Stock Number hints it's not.
Whatever it is, it's special.
Dave