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To avoid this, vesting founders would presumably file an 83b election within 30 days of receiving the shares (mentioned in the PDF.) Then, they only have to pay tax when they sell the shares. And if they held on to those shares for over one year, this would be a smaller, capital gains tax.

Described in more detail here: http://www.grellas.com/faq_business_startup_004.html

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What is the definition of 'date of grant' in this sentence:

Procedurally, an 83(b) election must be made within 30 days of the date of grant.

Is it when the vesting schedule says you vest?

Is it when the vesting schedule says you vest, and the stock is physically sign over?

Well that just scared the crap out of me. Fortunately, the rest of the net believes that you have 30 days from the date of purchase.

Does anybody know of something similar for the UK?

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