Place a rack in the center of the oven and pre-heat to 350-F. Add a piece of parchment paper to a baking sheet.
In a large mixing bowl, cream together butter, peanut butter, brown sugar, and granulated sugar. Mix on high until light and fluffy.
Add the oats, egg and vanilla extract and mix until smooth and fully combined.
In a separate bowl, mix together the flour, xanthan gum, baking soda, and salt. Pour this into the wet ingredients and mix well.
Add in the M&M’s and chocolate chips; mix until just combined.
With a large 3-tablespoon cookie scoop, transfer the cookie dough onto the prepared cookie sheets and bake for 12-15 minutes or until the edges are light gold and the center appears to be slightly underbaked.
Remove from the oven and allow to cool on the cookie sheets for 10 minutes before transferring to a cooling wrack. Top with a sprinkling of coarse sea salt if desired.
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