There is a lot of information here on people who tried it, unfortunately many of the picture links are broken.
There was a time when it was thought to be impossible to whiten parts well and now it's accepted peroxide + UV works
There hasn't been as many threads posted on removing Dye as whitening parts.
It sounds like there was some partial success reported in 2008
Remove Dye
2008
Rit Dye Remover https://www.rc10talk.com/viewtopic.php?f=38&t=7873
Whiten Parts
2007
- Westley's Bleche-Wite https://www.rc10talk.com/viewtopic.php?f=1&t=2570
- For RPM white https://www.rc10talk.com/viewtopic.php?t=1451
- Faking it in pictures https://www.rc10talk.com/viewtopic.php?f=35&t=6120
- Iron Out rust and stain remover https://www.rc10talk.com/viewtopic.php?f=1&t=4322
- oxyclean https://www.rc10talk.com/viewtopic.php?t=6766
- bleach https://www.rc10talk.com/viewtopic.php?t=6766
(bleach has been reported to NOT work for many but this method may be different)
This is the turning point on the forum where it was generally accepted yellow parts can be whitened. Does not affect dyed parts.
Detailed thread
sunlight and peroxide https://www.rc10talk.com/viewtopic.php?f=40&t=14978
based off of
https://www.tamiyaclub.com/showroom_model.asp?cid=98012&id=22525