In Toad 12.1, the formatter doesn't work / change any code for statements with certain code in it.
For example, if you try to format the following statement, the formatter fails:
= = = = = = = = = = = =
Create Table JustATable
( colA Varchar2(&&colALength Byte)
);
= = = = = = = = = = = =
WORKAROUND:
None.
STATUS:
Waiting for fix in a future release of Toad for Oracle