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In a large mixing bowl; cream together the butter and sugars. Beat in vanilla, eggs, and peanut butter. Mix in baking powder, baking soda, salt, and flour. Stir until combined.
Shape dough around each piece of candy, making sure the bar is completely covered. (To do this I use a small cookie scoop and take one scoop of dough, place a Snickers bar in the center and press down gently. Then top with a second scoop of dough. Tuck dough around so no part of candy bar is visible.)
Place cookies on a large baking sheet, leaving plenty of space between. Bake 12-15 minutes at 350 degrees F, until the edges are lightly golden brown. Do Not Overbake.